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

ABC News
5 hours ago
- ABC News
Renters finding the market ever more expensive
Rents in Australia may not be going up as fast as they were, but the rental market remains at record highs. Mike Lorigan reports.

News.com.au
5 hours ago
- News.com.au
Bendigo Bank closing down agency model, leaving dozens of towns without banking service
Dozens of regional communities will be left without a bank after Bendigo Bank announced it was axing its agency model, saying the current system can no longer be supported. A total of 28 agencies across NSW, Victoria, Queensland, South Australia and Western Australia stop operating from October, while 10 branches in Victoria, Queensland and Tasmania will shut their doors from August. The agency model, established more than 30 years ago, allowed Bendigo to offer 'limited banking services via third parties in areas where there was not enough customer demand to sustain a branch'. 'Following a review, Bendigo Bank has concluded that its agency model can no longer be supported due to decreasing customer use and other relevant factors and will be retired from October 2025,' the bank said in a statement. 'The bank apologises to customers that use these agencies for any inconvenience.' Bendigo Bank's chief customer officer consumer, Taso Corolis, said the decision had been informed by 'limited use of these services' and 'an increase in costs and compliance obligations'. 'Bendigo Bank operates more branches per customer than any other Australian bank and Australia's second largest regional branch network,' he said 'We are proud of our regional heritage and are committed to providing face-to-face banking services for our customers. 'To preserve what makes our bank unique, we must prioritise our investments across both physical and digital channels to continue meeting the changing needs and growing expectations of our 2.7 million customers.' He said the bank would help customers adjust to the change. 'This may be in the form of connecting them with their closest alternate service, including nearest branch or Bank@Post locations, and walking them through e-banking services available, when required,' he said. The move is sparking outrage in regional communities, who may now long drives if they wish to attend a branch in person. One such affected community is Queenstown on the west coast of Tasmania. The Bendigo Bank is the last dedicated physical bank branch in town and residents now face a two and half-hour drive to the closest bank. Speaking in the Senate on Wednesday night, Queensland and One Nation Senator Malcolm Roberts warned of the impact the closure of that branch would have. 'This is not only the last bank in town. It's the last bank on the entire West Coast of Tasmania,' Roberts said. 'The locals will have no choice and will be forced to drive two and a half hours over icy mountain roads to the next closest bank in Burnie.' Senator Roberts said he was 'having to raise' it because Tasmania's senators had 'ignored' the issue. He accused the Albanese government of ignoring the senate inquiry into regional banking, which had made a number of recommendations, 'The government was supposed to respond within 90 days. It's been 14 months and the government has simply ignored it,' Senator Roberts said.


SBS Australia
6 hours ago
- SBS Australia
Australia lifts biosecurity controls on US beef imports
Australia lifts biosecurity controls on US beef imports Published 24 July 2025, 9:20 am The White House has trumpeted Australia's decision to relax restrictions on US beef imports as an example of the US making 'Agriculture Great Again'. The Australian government is also under pressure to explain a lack of transparency over a major payment to the US for AUKUS amid the ongoing trade negotiations.