Australian Migration

Financial Requirements

Migration to Australia under the Investor Retirement Visa requires applicants to be sponsored by a State/Territory government in Australia. The Investor Retirement Visa provides incentives to encourage people to settle in regional/low growth areas in those States and Territories that offer sponsorship. If the Investor Retirement Visa applicant intends to live in a regional area of Australia they must have at least:

- AUD$500,000 assets available for transfer to Australia AND;

- AUD$50,000 net annual income from investment or pension rights.

Furthermore the applicant must invest $AUD500,000 in State/Territory government bonds if they intend to live in a regional area.

If the Investor Retirement Visa intends to live in a non-regional area of Australia they must have at least:

- AUD$750,000 assets available for transfer to Australia AND;

- AUD$65,000 net annual income from investment or pension rights.

Furthermore the applicant must invest AUD$750,000 in State/Territory government bonds if they intend to live in a non-regional area.

Please note that Investor Retirement Visa applicants must have held all of the assets for two years before applying, unless the assets relate to inheritance, superannuation, or pension rights.

Health & Character

Australia has strict health and character requirements that must be met before someones Australian visas will be granted. People attempting to migrate to Australia on the Australian Investor Retirement Visa will be required to:

- Undergo a medical examination and chest X-ray undertaken by one of a panel of doctors selected by the Australian authorities, and;

- Obtain police certificates for all countries in which they have lived for more than 12 months in the 10 years leading up to the application.

Processing Times

The current processing time for migration to Australia under the Australia Investor Retirement Visa is four to six months from the start of the process. A Global Visas consultant will be able to advise you of the latest processing times.

Additional Information:

Please note that the qualifying criteria for subsequent applications are easier than those required at the initial stage and while this is a temporary visa, it is possible for retirees to spend the rest of their lives in Australia under this visa category.