There are two types of retirement visas available to people who have retired from work and wish to spend their remaining life in Australia.
Investor Retirement Visa (Subclass 405)
A temporary Visa for people aged 55 years or older who are able to make a significant long term financial investment in Australia. These Visas are not a pathway to a permanent Visa.
retirement Visa (Subclass 410)
This Visa is not available to new or first-time Visa applicants other than new partners of existing or former Retirement Visa holders. The recommended Visa for new or first time applicants considering spending a period of their retirement in Australia is the Investor Retirement Visa (subclass 405).