On June 16, Beijing time, F1 officially announced that it would renew its contract with the Australian Grand Prix until 2035, and the competition will still be held in Melbourne.

On June 16, Beijing time, F1 officially announced that it would renew its contract with the Australian Grand Prix until 2035, and the competition will still be held in Melbourne.

Australia held its first F1 Grand Prix in 1985, but it was held in Adelaide, the capital of South Australia from 1985 to 1995. It has been held since it moved to Albert Park in Melbourne in 1996. It has been held until now. In addition to 2006 and 2010, it is also the regular host of the opening match of the new season. Melbourne's F1 event contract for the month was originally expired in 2020, but the two sides successfully renewed their contract for five years in 2019, and F1 will be held at the Albert Park Circuit by the end of 2025. The 10-year long contract renewal marks that the F1 Australian Grand Prix will appear in the F1 calendar for 50 consecutive years.

It is worth mentioning that Sydney, another city in Australia, also wanted to host the F1 Grand Prix, especially after the Olympics held in 2000, it wanted to continue to enhance its city's influence with the F1 event, but eventually lost to Melbourne in the competition.