While we are still choking on the news that Australia has suddenly become part of Europe – as far as the world's leading glitter-and-cape talent quest is concerned anyway – now we have to contend with the harsh news that we probably won't be hosting the 2016 Eurovision song contest even if we win.

SBS's Eurovision co-host Julia Zemiro says Australia's official participation is "a one-off" for the global event's 60th birthday celebrations, meaning there's little chance of the event coming here. Shares in costume hire, wig and stiletto companies seem set to plunge as a result.

"According to what they are telling us we just happen to be the wildcard, we will see how it goes, there is no guarantee it will happen again. I think it's just something new new and fresh for the 60th anniversary," Zemiro said.