Monday 16 October 2023

VALUING 50 YEARS OF SYDNEY OPERA HOUSE

Deloitte Access Economics has released Valuing 50 years of Australia’s Icon, which reports on the Sydney Opera House's value to NSW and the nation. 

In 2022-23 the Sydney Opera House precinct generated $1.2 billion in economic value and supported 8000 full-time equivalent jobs. 

Its social value is estimated at $11.4 billion in 2023. 

Deloitte concluded: "Of course, the Opera House is not just a building, a performance venue or a website – it’s one of the strongest brands in the world, making Australia one of the only countries that is recognisable by an arts and culture centre. In fact, the Opera House is the best-known human-made symbol of Australia’s national identity."

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