The Australian Formula One Grand Prix signed a lucrative new contract to remain in Melbourne... but there is one major change on the horizon

The Formula 1 Australian Grand Prix will be held in Melbourne until at least 2035, thanks to a massive new 10-year arrangement that will keep the race at Albert Park.

For the first time in the event's history, Formula 2 and Formula 3 will be part of the Melbourne undercard from next season.

The present contract for the Grand Prix was set to expire in 2025, but the Victorian government confirmed this morning that it woul....