Brisbane has won its bid to be the host city of the 2032 Olympic and Paralympic games

Queensland Premier Annastacia Palaszczuk is in Tokyo for the final pitch, which has been delivered earlier today.

After years of discussions and negotiations, in February the IOC named Brisbane as its preferred bidder.

Now, International Olympic Committee has approved the cities bid for the 2032 tournament.

The IOC’s official announcement in Tokyo tonight confirmed months of speculation that Brisbane was the frontrunner to hold the 2032 Games, beating out the likes of Qatar, Hungary and Korea.

Meet one of the fastest-growing cities in Australia

The city is blessed with a perfect subtropical climate and vibrant urban precincts, so it’s easy to see why it’s so attractive to host the 2032 Summer Olympics.

Brisbane Olympics would be spread across Brisbane, Gold Coast — which hosted the 2018 Commonwealth Games — and Sunshine Coast.

Plans for a riverfront extravaganza and an athletes’ village in paradise – Surfers Paradise.

Organisers expect the event to cost $5 billion.

The massive chunk of that sum will go to operations for around 11,000 athletes.

Queensland is home to Australia’s largest theme parks and water parks and despite the giant wave pools, close to a billion will be allocated to venues.

Third time Australia plays host

It marks the third time the Olympics will travel down under after first arriving on Aussie shores in Melbourne in 1956 before returning with spectacular success in Sydney in 2000.

A final presentation was given by Queensland Premier Annastacia Palaszczuk and the Australian delegation this evening before the decision was formally announced by the IOC.

Australia’s big bid

Queensland Premier Annastacia Palaszczuk says Queensland would utilise ‘the entire state,’ stating that the games would expand into regional areas including Townsville.