Report finds 2032 Brisbane Olympic and Paralympic Games could bring $70 billion in economic opportunities
The analysis, from Deloitte Access Economics, examined the "catalytic effect" hosting the event could have on Queensland and the nation.
"This is not an assessment or impact analysis of Brisbane 2032, but rather a provocative thought starter for how economic reforms can lift our growth potential," the report noted.
"This study quantifies the economic opportunity that is ours to build over the 20 years from 2032-2052, if we so choose."
It estimated over that period, south-east Queensland could see growth of almost $40 billion, with a further $31 billion in positive impacts for regional Queensland and Australia.
"This uplift will be felt first across the growing south-east Queensland mega region, which will benefit from new connectivity, a healthier and more active workforce, and greater access to international markets for tourism, exports, and foreign direct investment."
Olympics Minister Tim Mander said while the report talked about "potential, rather than hard figures", the opportunities were "undeniable".
"There is no doubt that it's going to be an enormous, enormous economic stimulus to our state and unbelievable opportunities for local businesses and Australian businesses."
The report's framework considered three pillars in creating economic opportunity: people, places, and perception.
It noted reforms to drive a "sustained uplift in physical activity" could drive more than $500 million in "economic activity through cost savings in the healthcare sector".
Further, the 50,000 volunteers needed for the Games could enhance economic outcomes.
"Higher labour productivity and additional output from ongoing volunteering, could stimulate an additional $2.4 billion in economic activity overall," the report read.
The report estimates infrastructure for the Games, which is also needed for Queensland's growing population, would lead to a better-connected transport network and generate an estimated $53 billion in additional economic activity.
"This means someone in the Sunshine Coast can work in Brisbane, business across the state can access an integrated south east market, and a global visitor can access the region for work, play and future investment," it said.
The report noted the 2024 Paris Olympics received "412 billion engagements" on social media, highlighting an estimated $24 billion opportunity with the world's focus on Queensland in 2032.
"A great event tells the world what we can do, and our marketing strategy should invite people to share in it," the report said.
"Before, during and after Brisbane 2032, heightened attention should crowd-in tourists, creating opportunities for locals to provide Queensland experiences to the world."
Australian Olympic Committee chief executive Mark Arbib said the report clearly outlined the benefits of hosting the Games.
"It's music to our ears to hear the economic benefits of volunteering, to hear the economic benefits from sport, that you can see across an economy and across a society when you can lift participation rates, lift volunteering rates, lift health outcomes," he said.
A 2021 KPMG report estimated the quantifiable economic and social benefits of the Games to Queensland were $8.1 billion, and $17.1 billion for Australia.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Sky News AU
12 minutes ago
- Sky News AU
Coalition demands answers after Albanese government lifts biosecurity restrictions on US beef imports
The Albanese government is being urged to explain its backflip on a US beef ban after the Prime Minister previously insisted Labor would not 'compromise' on biosecurity. The Australian Financial Review revealed on Thursday that Australian officials had notified their US counterparts that restrictions on the importation of US beef will be lifted following a scientific review of the biosecurity risks. Responding to the reports on Thursday, Nationals Senate Leader Bridget McKenzie said the decision could pose a risk to our beef industry. 'We need to make sure our $11 billion beef export industry is protected. Our concerns would be any watering down of those science-based protocols would lead the risk of disease, entering this country, and our farmers, being subjected to unnecessary risk,' Ms McKenzie said. Shadow finance minister James Paterson said the government needed to explain its backflip. 'The prime minister himself has said that we couldn't relax the restrictions on the importation of US beef because of serious biosecurity concerns," Mr Paterson told Sky News. "So if the government has found some way of dealing with that issue, protecting our domestic agricultural industry from the introduction of foreign diseases and pests, then they should say so they should stand up and explain that, not anonymously leak it to a newspaper. 'Full credit to the AFR for getting the story, but a major story like this affecting a major export industry of about $11 billion a year and about an $82 billion domestic industry, when you include red meat more broadly, deserves more answers than this.' The restrictions had been cited by President Donald Trump as a justification for his decision to impose a 10 per cent across the board tariff on Australian imports – as well as much larger tariffs on steel and aluminium – in violation of the existing Australia-US free trade agreement. 'Australia bans – and they're wonderful people, and wonderful everything – but they ban American beef,' President Trump said in April In response to the comments, Prime Minister Albanese emphatically declared his government 'will not change or compromise any of the issues regarding biosecurity, full stop, exclamation mark, it's simply not worth it. So it's that simple.' A blanket ban on US beef imports - imposed following a mad cow disease in 2003 - was repealed in 2019. However biosecurity rules have remained in place due to the risk of beef from countries such as Mexico and Canada being imported through the US, and no American beef has been imported under the new scheme. But a government source told the AFR on Thursday that the US Beef Imports Review had undertaken a 'rigorous science and risk-based assessment over the past decade' and the bans would be lifted. Agriculture Minister Julie Collins confirmed the report, saying in a statement that her department was "satisfied the strengthened control measures put in place by the US effectively manage biosecurity risks.' However Cattle Australia CEO Will Evans said he was sure the decision would not have been made unless scientific experts had the 'utmost confidence' it would not impose a risk to Australia's cattle industry. 'Context is important here. We export more than $4 billion of beef a year to the US, and this has been a multi-year assessment process undertaken by the Department of Agriculture - they're the competent authority in this, and they're required to assess this under a rules based trading system. 'What they've done is they've completed a technical scientific assessment, and they've said, look, there are the right processes in place in these countries to be able to manage these risks, and they've determined that they're going to grant access after making this assessment over many years. 'Now, the cattle industry is a $75 billion industry in Australia. I'm sure they wouldn't have made this decision unless they had the utmost confidence that the science was correct.'

ABC News
12 minutes ago
- ABC News
Australia lifts biosecurity restrictions on US beef
Australia has lifted biosecurity restrictions on beef imports from the United States, one of the key grievances that led the Trump administration to impose tariffs on Australia. ABC NewsRadio's Sarah Morice spoke to John McKillop, the Chair of the Red Meat Advisory Council, about what the changes will mean for Australia's beef exports.

ABC News
42 minutes ago
- ABC News
Cattle producers move towards grain-fed beef as consumer demand and drought risks rise
As cost-of-living pressures force many shoppers to tighten their purse strings, premium meat options like grass-fed beef are getting harder to sell, and cattle producers are taking note. Across Australia they are opting to feed their stock grain rather than relying on pasture, both to meet consumer demand for cheaper meat and protect themselves from drought. While an abundance of grass on western Queensland grazier Josh Phelps's Tambo property might be reassuring right now, he said previous droughts had taught him not to rely on temporary feed. "We're really tending towards the grain-based model," he said. Initially his stock graze on pasture across 19,000 hectares before being finished in a feedlot — a purpose-built facility where cattle are kept in large outdoor pens and fed a consistent diet for up to 120 days. "We've had a run of [good] seasons which we're very grateful for," he said. "To be honest, it's been a bit of a healing period. Those terrible teens are still front of mind for some people, but I think we came through that and learned a lot of lessons. He said the approach not only ensured the animals had a reliable source of food in dry times, but also produced a more consistent animal before being sold to meatworks. "It creates a lot more control and a bit of a safety net," he said. But it was not just drought that pushed the producer in this direction. Mr Phelps said increasingly red meat consumers were being lead by price. "In the end it comes down to the consumer," he said. "They're just happy to buy that regular cut from the supermarket which is generally grain-fed. Mr Phelps is one example of a trend toward grain-fed beef that is playing out across the country with more cattle in feedlots at the start of 2025 than ever before. Erin Lukey, senior market analyst with Meat and Livestock Australia, said 1.5 million head of cattle were in feedlots in the first quarter of 2025, up 11 per cent on the previous year. "The grain sector has grown drastically and consistently, especially in the last five years," Ms Lukey said. "Nationally we have 90 per cent utilisation, which is how full pens are. "Feedlots as a drought mitigation tool has also increased in popularity." According to MLA, which researches and markets Australian beef globally, Queensland feedlots are at 93 per cent capacity and New South Wales are at 91 per cent. With feedlots so full, meat processors have limited capacity to take new animals, but Ms Lukey said that would not stop producers making the switch. "More grain-fed product is going to flow to the processor," she said. "Which means we're going to produce more grain-fed beef." Stefan Vogel, general manager of research at Rabobank, said most of the beef on Australian shelves was grain-fed or finished on grain, and consumer habits had a large impact on production. "When they [customers] go to supermarkets, they're trying to find ways to save money and increase the value of their basket," Mr Vogel said. "There's a demand for quality products at a reasonable price. "Feedlots play an integral role not only for the local consumer but also for Australia as a reliable supplier of meat in the global market."