Just because you may be over the age of 45 does not necessarily mean your chances of moving down under are lost for ever.
There are a number of Retirement Visa Classes available for those entering your golden years who still have a yearning to move down under.
Below we present the main options available to you:
INVESTOR RETIREMENT VISA (Temporary) – sub class 405
Who can apply: Anyone who is 55 years of age or over. If a couple, one partner only has to be 55
What it entitles you to:. Four years temporary residence in
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 $8,000 per person
– Assets of $500,000 if settling in a regional area of
– 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.