Once again JenJen, you mustn't read my posts because I posted material from your favourite source of information the Cairns Post and Herron Tood White.
But if that's not enough for you here;s material for unemployment in Cairns which shows the area's unemployment rate is significantly worse than in 2006.
http://profile.id.com.au/cairns/employment-status
As an investor I am looking to invest in areas where there is a low unemployment rate which over the long term will give an area high capital growth.
I'm also looking for yield and for one important sector of the market in Cairns (units) the insurance costs put a huge dent in the net yield.
Here's a link from Cairns Post outlining the massive issue of insurance costs and how it affects the property market:
http://www.cairnspost.com.au/lifestyle/skyrocketing-insurance-costs-in-cairns-and-far-north-force-homeowners-to-dump-policies-and-violate-mortgage-contracts/story-fnjuflgv-1226761409227
There's my supporting material.