You don't need a 4WD. In any case, the insurance and running costs for a 4WD will be higher than for a standard car.
First of all, work out a fuel budget. This is going to cost you a lot of money and fuel becomes increasingly expensive the further you are from major cities. Then work out where you will refuel, because there will be long stretches without any facilities. Running air-conditioning will cost you more fuel.
Stick to the sealed roads. Do not, under any circumstances, leave the major roads that have regular traffic passing along them.
Learn about road-trains and how to pass them.
Make sure that least one of you has the skills to make basic mechanical repairs. Carry spare tyres, a spare fan belt or two, spare oil, a basic tool kit, a first aid kit, and lots of water. For much of the journey you will not have access to a phone network so decide in advance how you will behave if you have a major breakdown or an accident.
Apart from the heat, January and February are in the cyclone season. This is principally an issue along coastal areas of the far north of Queensland, Northern Territory and Western Australia (especially Broome). However, inland areas affected by the path of a cyclone (or former cyclone) can receive drenching rains and consequent flash flooding. Never camp in a dried-up water course.
Sleeping under canvas or in the back of a car can be cruelly uncomfortable in summer. Trapped heat will lead to restless nights. Learn about camping with swags. You want an air flow over you for part of the night, but then the mornings will get very cool. And you will need protection against mosquitoes (they can carry Ross River virus) and other insects. What vaccinations have you had?
Clean up your camp sites! After seeing what you and your fellow backpackers did to Coogee beach on New Year's Eve — once again, as you lot have done every year for decades — I am sceptical about giving you any advice on where to camp.
we’re heading to the area to do our 88 days of agricultural work (most likely pearling in Broome) partly for our second year and partly to earn and save a lot of money. Does anyone know whether or not it’s likely we’ll find work.
This is something to establish before heading off! If you have not identified a likely employer and secured an offer of work before you leave Brisbane then forget about it. Employers need to plan and to equip the workforce, to roster shifts, and to schedule deliveries. Don't expect to find work in Broome once you arrive, unless you can afford to hang around for weeks hoping that something will turn up. But then that waiting time won't count towards your 88 days.
Do your research into what is feasible. Perhaps there is fruit or vegetable picking work elsewhere, such as in the Order River scheme further to the north. Or bartending, or stacking shelves, or warehouse work.
Also, the cost of living in Broome is relatively high. Fuel, food, most goods and even electricity costs are higher than in places further south as the town is remote and considerable infrastructure is needed to get such things from the point of origin to the local users. Transport into and from Broome is also expensive for the same reason.
Don't expect to make a lot of money from this trip, or to save anything. Do it for the experience, perhaps, but not for economic reasons.