The Australian Grand Prix will remain in Melbourne until 2035, following a deal to extend the race’s agreement beyond 2025 by a further 10 years.
In addition, Formula 2 and Formula 3 will join the race weekend schedule for the first time from 2023.
More than 419,000 fans visited Albert Park for the 2022 Australian Grand Prix in April, with Supercars racing at the return event.
Albert Park has hosted the Australian Grand Prix since 1996, with significant investment made over the past two years in order to improve the circuit, while further improvements, including to the paddock and pitlane, are planned in order to continue the circuit’s modernisation.
“The Australian Grand Prix has never been bigger, with more than 419,000 people flocking to Albert Park for this year’s race. We know how important this event is to our economy and that’s why we’ve delivered the longest extension for the race since it has been held in Melbourne,” said Martin Pakula, Minister for Tourism, Sport & Major Events, Victorian Government.
“This is a sensational announcement that is simply great for Melbourne and Victoria,” added Andrew Westacott, CEO of the Australian Grand Prix Corporation.
“It builds on our rich motor sport history as well as Melbourne’s love of big sporting events and provides aspiration to the next generation of Aussie racing stars. We’re proud of our strong relationship with Formula 1 and together we will grow the sport in Australia and the broader Asia-Pacific region.
“Everyone at the Australian Grand Prix Corporation looks forward to taking the Formula 1 Australian Grand Prix to new levels over the course of the next 13 years.”