Are Olympic Games a money pit or money well spent?
Brisbane will host the 2032 Olympics, with Australia to become only the third country to host the Games at least three times.
The bid predicted the Games would bring $17 billion in economic benefits to Australia.
Prime Minister Scott Morrison says the Games will be a time "for the whole nation to shine" while Queensland Premier Annastacia Palaszczuk said earning the sporting spectacle was something the city and state aspired to, but never thought possible.
"We're a sports-loving state and this will give us, I believe our golden age, in Queensland, so we're very excited, we're over the moon and we're absolutely honoured."
Brisbane's selection was a fait accompli after the International Olympic Committee (IOC) anointed it as its preferred bidder earlier in the year, leaving nobody in any doubt there was only going to be one outcome.
Are you proud of Brisbane's selection? Does it show the little country can do big things better than most? Or do you think it's a waste of money? Are you watching the Tokyo Games?