The remnants of Tropical Cyclone Owen may cause heavy rain and flooding in parts of central Queensland towards the end of this week

It's a potentially mixed blessing to end the prolonged and record-breaking heatwave that has gripped parts of the state.

Owen became the first tropical cyclone in Australian waters for the 2018/19 season when it formed over the northern Coral Sea on Sunday afternoon.

The system was short-lived though and had weakened below cyclone intensity by Tuesday.

Now, the remnants of Owen are slowly approaching eastern Queensland and they could bring heavy rain later in the week.

While there is still a fair amount of uncertainty regarding the future movement of Ex-Tropical Cyclone Owen, heavy rain could affect parts of central and northeast Queensland later this week.

Some forecast models indicate that heavy rain could develop over parts of the Central Coast and Whitsundays and Herbert and Lower Burdekin Districts as early as Friday, with others suggesting that rain and storms could ramp up over the weekend.

Due to the amount of uncertainty, it's too early to predict where, when and how much will fall.

However, based on the latest model guidance, anyone living north of about Bundaberg and south of Cairns should closely monitor the latest forecasts and warnings during the remainder of this week.

The Bureau of Meteorology’s senior forecaster Richard Wardle said the downpour could be a mixed blessing.