The Investor Retirement Visa (Subclass 405) is designed for self-funded retirees or investors who wish to retire in Australia. This visa allows older people with significant assets to live in Australia during their retirement years.

Eligibility Criteria:

  • Age: You must be of pension age, which is currently set at 66 years old.
  • Income: You should have a designated level of income, usually from eligible investments, pension, or annuity.
  • Net Worth: A certain net worth is required, usually in the form of eligible assets.
  • Investment in Australia: You are expected to make a designated investment in Australia, typically in government bonds.
  • Health and Character: You and your family members must meet health and character requirements.

Application Process:

  1. Eligibility Check: Ensure you meet all the requirements, including age, income, net worth, and health criteria.
  2. Gather Documents: Collect necessary documents, including proof of investments, income, and health insurance.
  3. Lodge Application: Apply online through the official Department of Home Affairs website.
  4. Investment Requirement: Make the required investment in Australian government bonds.
  5. Health Examination: Undergo a health examination as required.
  6. Await Decision: The processing time varies. Check your application status through the online portal.
  7. Notification of Decision: Once a decision is made, you will be notified of the outcome.


  • Retirement in Australia: Grants the right to retire in Australia and enjoy the country’s lifestyle.
  • Work Rights: Limited work rights for a specified number of hours per week.
  • Access to Healthcare: Eligible for Australia’s public healthcare system, Medicare.
  • Family Reunion: Allows you to include eligible family members in your application.
  • Renewable: Can be renewed as long as you continue to meet the criteria.


Q: Can I bring my family members to Australia on this visa?
A: Yes, certain family members can be included, such as your spouse and dependent children.

Q: Is there a limit on the duration of this visa?
A: The visa is issued for four years initially and can be renewed provided you continue to meet the requirements.

Q: Can I work in Australia on this visa?
A: Yes, you are allowed to work for a limited number of hours per week.

Q: What happens if my financial situation changes after the visa is granted?
A: You are expected to maintain the required level of income and assets. If your financial situation changes significantly, you might need to reconsider your visa status.

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