Australian Retirement Visas

Who can apply

Anyone who is 55 years of age or over. If a couple, one partner only has to be over 55.

What it entitles you to

A four year temporary visa, with limited work rights of up to 40 hours per fortnight. Further applications can be made.

Terms & Conditions

Applicants can have no dependants other than a spouse and must have full private medical/hospital insurance at all times. State/territory government sponsorship is required and the following charges apply:

• A second visa charge of $10,925 per person
• Assets of $500,000 if settling in a regional area of Australia, or $750,000 if settling in a non-regional area, to establish themselves.
• Funds for investment in a treasury bond with the sponsoring state/territory government of $500,000 if settling in a regional area or $750,000 if settling in a non-regional area.
• Net annual income stream from investments, pensions, etc. of $50,000 p.a. if settling in a regional area or $65,000 p.a. if settling in a non-regional area.

Subsequent visa applications will carry the same second application charge and annual income requirements but the amounts for investment in treasury bonds are $250,000 if settling in a regional area or $500,000 if settling in a non-regional area.

Further Information

Normal health and character checks are required on initial application and streamlined procedures on subsequent applications. Limited work rights will allow for voluntary work or investment management activities.

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