The subclass 410 which is the Australian Retirement visa is for retirees and their partners who wish to spend part of their retirement in Australia. This visa is not available to new applicants except for partners of existing holders or former holders without another substantive visa since their last entry.

The Key Features of the Subclass 410 Visa are –

• As of 1 July 2005, new applications for the Retirement visa are no longer processed. Current visa holders can still reapply.
• This visa does not offer a pathway to permanent residency, sponsorship, or Assurance of Support.
• This Visa does not confer residential qualifications.
• Those holding this visa temporarily must adhere to the conditions and may need to explore other visa options for long-term residency or retirement solutions in the country.
• Eligibility and requirements for reapplying may vary and should be reviewed regularly for any changes.

What is the average cost of living a retired life in Australia?

Life in Australia can be a bit expensive for many but if you really want to live in Australia then with the help of sufficient savings, the living costs become manageable. Typically, a monthly budget of $930 will suffice to cover basic expenses like electricity, water, and heating, excluding rent.

Here is a breakdown of the average living costs in Australia:

Accommodation (Rent)

• Apartment (1 bedroom) in City Center: $1270 per month
• Apartment (1 bedroom) Outside of Center: $960 per month
• Apartment (3 bedrooms) in City Center: $2155 per month
• Apartment (3 bedrooms) Outside of Center: $1570 per month

Accommodation (Price per m²)

• City Center: $5310
• Outside of Center: $3730

Food Costs

• Milk: $1.22
• Rice: $1.90
• Eggs: $3.40
• Tomato: $4.40
• Potato: $2.20
• Apples (per kg): $3

You need to be frugal if you want to Live in Australia and spend wisely on things. It is possible to manage living expenses in Australia comfortably. The rent is a significant part of the budget and by choosing accommodation wisely can make a big difference. There are essential food items are reasonably priced and thus it makes it easier to plan for monthly groceries.