The main visa category for people who wish to spend part of their retirement years in Australia is the Investor Retirement visa.
This visa is for self-funded retirees who are 55 years or older, have no dependents (other than a spouse who can be any age) and are able to make a significant long term financial investment in Australia.
The visa is temporary and will not lead to Australian permanent residence or citizenship.
The Investor Retirement visa allows the holder to stay in Australia for four years. There is an option to apply for further Investor Retirement visas if all requirements are met.
A number of conditions apply to this visa including asset worth and a minimum level of income.