SKIP TO MAIN CONTENT

Opera House gets price tag for birthday

The economic, cultural and digital value of the Sydney Opera House works out at $4.6 billion, according to a new report.

opera_house_2010_B_aap_354899076
(File: AAP)

2 min read

Published

Source: AAP


Skip to article content

It's a priceless national icon, but a new report has put a figure on what the Sydney Opera House means to Australia.

The tourist magnet is worth $4.6 billion - or about $200 per citizen - to the Australian public, according to Deloitte.

Ticket sales, iconic status, digital presence and the unique design were all quantified to come up with the value.

"We all know in our bones how important it is,", Sydney Opera House chief executive Louise Herron said.

"(But) here is the number - this is what we're worth, don't take us for granted."

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

By putting a price tag on the venue, management can make a stronger case for government funding for upkeep, she said.

"We have this 40-year-old thing which is magnificent, but absolutely needs to be renovated," she said.

Commissioned ahead of the building's 40th anniversary, the report also found the Opera House injects roughly $775 million into the national economy annually.

Jorn Utzon's famed creation rates higher than the national identity on a marketing index of brand esteem, the report says.

"It's slightly counterintuitive that Australia would have as it's symbol a work of art, but we do," Ms Herron said.

Looking ahead, the Opera House is hoping to grow its online presence and digital audience with blogs, live-streaming and social media.

But for now the focus is on birthday festivities, including an anniversary concert on October 20 attended by Danish royals Mary and Frederik.


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world