Dione D.
Yelp
I stopped into Rusty's on my last day in Cairns (well, really I was up in Port Douglas) and I'm so glad I did!
This is a pretty big market, where you can get food (groceries, or food to eat right away), jewelry, books, etc. I traveled through Cairns, Brisbane, Melbourne, and Sydney, and would say emphatically that this is the best place to buy souvenirs. It's different from the other markets.
I also had a fresh coconut, which is the best coconut I've ever had! It was the usual preparation where you drink the water out first, and then come back and the guy cuts the coconut open and you get to scrape out the flesh. It was juicy and soft and flavorful.
Come to Rusty's!