Brisbane has been officially announced as host of the Olympic and Paralympic Games in 2032.

According to IOC, the secret ballot was held at the 138th Session in Tokyo, two days before the Opening Ceremony for the Olympic Games, under strict COVID-19 restrictions. The Session heard presentations by Brisbane 2032, including by video link-up from Australian Prime Minister Scott Morrison, as well as a final report from Kristin Kloster, Chair of the Future Host Commission for the Games of the Olympiad – the IOC body responsible for monitoring and analysing interest in hosting the Olympic Games and the Youth Olympic Games.

Brisbane received 72 yes and 5 no votes from 77 valid votes.

"Brisbane 2032 is the first future host to have been elected under, and to have fully benefited from, the new flexible approach to electing Olympic hosts," said IOC President Thomas Bach in a statement.

The 2032 Olympics, the third to be hosted in Australia after Melbourne in 1956 and Sydney in 2000, is estimated to cost $5bn. The majority of this is expected to be recouped through ticket revenue, domestic sponsorship and broadcast rights.