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🇦🇺nomad Visa

Investor Retirement Visa

Australia

Last updated: December 17, 2025

Duration

4 years (renewable)

Visa Fee

$348

Time

4 weeks

Complexity

High

About this Visa

The Investor Retirement visa (subclass 405) is a temporary visa for self‑funded retirees with no dependent children who want to live in Australia during their retirement years.[6][1] It allows holders to reside in Australia for up to four years at a time and may permit limited work of up to 40 hours per fortnight.[1][8]

Key Benefits

  • Live in Australia as a self‑funded retiree for up to four years at a time, with options to renew if sponsorship and financial requirements are maintained.[6][3][5][7]
  • Work in Australia for up to 40 hours per fortnight, subject to visa conditions.[1][8]
  • Include an eligible partner in the same application.[1][6]
  • Potential access to a permanent residence pathway for eligible holders under the Retirement Visa Pathway policies.[9][8]

Eligibility & Requirements

Eligibility Criteria

  • You must be a self‑funded retiree with **no dependent children or other dependent family members**.[6][1][3]
  • You must be **55 years of age or older**; your partner (if any) can be any age.[1]
  • You must be **sponsored by an Australian state or territory government agency** (not the Australian Capital Territory), and meet any state‑specific nomination requirements.[1][3][4][5][7]
  • You must have **minimum net assets** of at least AUD 750,000 (or AUD 500,000 if you intend to live in regional Australia), held for at least two years before application unless derived from superannuation, pension, or inheritance.[1]
  • You must have a **minimum net annual income** of at least AUD 65,000 (or AUD 50,000 if you intend to live in regional Australia).[1]
  • You must make and maintain a **designated investment** in the sponsoring state or territory (typically at least AUD 750,000, or AUD 500,000 / AUD 250,000 for regional areas, depending on state policy and whether it is an initial or renewal application).[1][3][4]
  • You must meet **health and character requirements** and have no outstanding debts to the Australian Government, or have arranged to repay any such debts.[1][6][10]
  • You must hold, or have access to, **adequate health insurance** for the duration of your stay (usually private health cover is expected for retirees). This is a standard expectation for older temporary visa holders, inferred from general Australian visa policy and practitioner guidance.[1][8]
  • You can usually only apply as a **new applicant if you already hold, or recently held**, an Investor Retirement visa (subclass 405) and have not held another substantive visa since last entering Australia, due to the visa now being repealed for new entrants.[3][6][7]
  • There is **no general nationality restriction** published for this visa; however, standard Australian immigration security, character and health rules apply. No specific nationalities are singled out or banned in the official or state guidance.[1][3][4][6]

Financial Requirement

Minimum net assets of AUD 750,000 (or AUD 500,000 if residing in regional Australia), minimum net annual income of AUD 65,000 (or AUD 50,000 in regional areas), and a separate designated investment of at least AUD 750,000 (or reduced amounts for regional areas and renewals) in the sponsoring state or territory.[1][3][4][5][8]

Documents

  • Valid passportCurrent passport for the main applicant and accompanying partner, used to establish identity and nationality and to evidence lawful travel.[1][6]
  • State or territory sponsorship approvalFormal sponsorship/nomination letter or Form 1249 from the sponsoring state or territory government confirming approval as an Investor Retirement visa applicant or renewal holder.[1][3][4][5][7]
  • Evidence of assetsBank statements, title deeds, valuation reports, and accountant letters demonstrating net assets of at least AUD 750,000 (or AUD 500,000 for regional applicants) held for the required period, excluding the separate designated investment amount.[1]
  • Evidence of designated investmentInvestment certificates and statements confirming the required designated investment in the sponsoring state or territory (for example, Treasury Corporation bonds) has been made and maintained for the visa period.[1][3][4]
  • Evidence of annual incomePension statements, annuity contracts, investment income summaries, or other documents proving access to minimum net annual income of AUD 65,000 (or AUD 50,000 for regional applicants).[1]
  • Health insurance evidencePolicy schedules or membership certificates for adequate health insurance covering medical and hospital treatment in Australia for the duration of the visa, as expected for older temporary residents.[1][8]
  • Health examination resultsMedical examination and chest X‑ray reports from panel physicians as required under Australia’s health requirements for temporary visas.[1][6]
  • Police clearance certificatesPolice certificates from each country where you and your partner have lived for 12 months or more in the last 10 years, to satisfy character requirements.[1][6]
  • BiometricsPhotograph and fingerprints where requested under the Australian biometrics program for your nationality and visa subclass.[1][6]
  • Form 1249 and related state formsCompleted Department of Home Affairs Form 1249 – State/territory sponsorship: Investor Retirement visa, plus any state‑specific sponsorship and renewal forms.[3][4][5][7]

Disclaimer: The information on this page is for general informational purposes only and does not constitute legal or immigration advice. Visa requirements, fees, and processes change frequently. Please verify all information with official government sources and consult a qualified immigration attorney before making decisions.