The Olympics are coming back to Australia after Brisbane was officially confirmed as the host city for the 2032 Olympic and Paralympic Games.
The International Olympic Committee (IOC) officially announced the news on Wednesday night after hearing a pitch from Australian officials, with the Queensland capital winning in a landslide vote.
The Brisbane bid was ratified by a vote of 87 IOC members at a meeting in Tokyo ahead of Friday's opening ceremony, with IOC President Thomas Bach declaring the city as host of the Games in 11 years time.
Seventy-two delegates voted in favour of Brisbane hosting the 2032 Games to five, while three abstained - with the South-East Queensland bid preferred over Budapest, Korea, Doha and Germany's Ruhr Valley.
"The International Olympic Committee has the honour to announce that the Games of the 35th Olympiad are awarded to Brisbane, Australia," Bach said.
Brisbane will become the third Australian city to host a Games after Melbourne in 1956 and Sydney in 2000.
Fireworks erupted in the Queensland capital as the announcement was made, although the city was the inevitable winner after it was confirmed in February as the preferred host city and awarded exclusive negotiation rights ahead of its bidding rivals.
The Brisbane 2032 delegation, including AOC President John Coates and Queensland Premier Annastacia Palaszczuk, made a formal final presentation to the IOC meeting.
Prime Minister Scott Morrison addressed the meeting via a live link from Parliament House and spoke of the Australian government's financial commitment to the Games.
He also described Australia's sports-mad multicultural population, with 300 ethnicities, as a "giant Olympic village".
Morrison said securing the Games was a coup for the nation.
"It's a historic day not just for Brisbane and Queensland, but for the entire country," the Prime Minister said.
"It also marks an important leap forward for Australia as we look toward major events that lock in economic growth and social benefits that will echo for years to come.
"We know the impact on Sydney more than two decades ago was transformative. We can now expect a repeat for Brisbane and communities across Queensland."
Coates, who is also an IOC vice-president, said the nation will deliver an "unforgettable" Olympic and Paralympic Games to the highest standard.
"This is a very proud day for Australia, make no mistake. I thank the IOC Members for their confidence. Brisbane 2032 is genuinely committed to serving the ideals of the Olympic movement," Coates said.
"The Olympic Games in Brisbane will be in the most diligent, grateful and enthusiastic hands. And I make this commitment to the athletes of the world - we will provide you with an unforgettable experience.
"Of course, many of these athletes are the children of the world right now. Young people who will be glued to their television sets over the next two weeks as the great champions of the world compete here in Tokyo. Many Olympic dreams will be created here in Tokyo, thanks to the generosity of the people of Japan and the commitment of today's Olympians.
"Australia will welcome the world in 2032. South-East Queensland is Australia's fasting growing region, offering a friendly and culturally diverse people with a passion for sport, first class sporting facilities, excellent transport and a commitment to put the world's athletes at the centre of everything we do."
Paralympics Australia President Jock O'Callaghan said Brisbane 2032 would reinforce the Paralympic movement's strength in demonstrating what people with a disability can achieve.
"The Paralympics has grown to become far and away the world's biggest event for promoting inclusion, a global showcase of the true value of sport," O'Callaghan said.
"This means that hosting the Games opens up extensive opportunities."
The Brisbane Games will round off a number of major international events taking place on Australian soil this decade; starting with the FIBA Women's World Cup and UCI World Road Championships in 2022, the 2023 FIFA Women's World Cup and 2027 Netball World Cup. Australia is also hoping to secure the 2027 Rugby World Cup.
Events will be staged across the south-east Queensland region including the Gold Coast, which hosted the 2018 Commonwealth Games.
The IOC overhauled its bidding rules in 2019 to reduce costs and avoid pitting candidates against each other.
The city's bid had earlier earned praise from the IOC for its high percentage of existing venues encompassing south-east Queensland, support from all levels of government and the private sector, experience in organising major events and its favourable weather.
Australia will become only the second country after the United States to host the Summer Olympics in three different cities.