Investor Retirement Visa - Help on requirements needed
 

For an investment retirement visa the Queensland government state the following

"A$750,000 for a first or initial visa, if intending to live in a non-regional or non low growth area; and A$500,000 for a second or further visa, if the remaining in a non-regional or non low growth area;
OR
A$500,000 for a first or initial visa, if intending to live in a regional or low growth area; and A$250,000 for a second or further visa, if remaining in a regional or low growth area;

for grant of the initial visa only, applicants must provide evidence of assets that can be used to establish a lifestyle in Queensland. Those assets, (combined with assets of the spouse), must provide a minimum of:

A$750,000 if intending to live in a non-regional or non low growth area;
OR
A$500,000 if intending to live in a regional or low growth area;

must provide evidence of an annual income stream based on capital for investment, pension rights or both pension rights and capital for investment (which if combined with that of spouse), provides a minimum of:

$65,000 if intending to live in a non-regional or non-low growth area;
OR
$50,000 if intending to live in a regional or low growth area.

must provide evidence of holding a private health insurance package that meets the Department of Health and Ageing guidelines (that is, the package provides cover equivalent to that provided to under Medicare) throughout the time spent in Queensland/Australia;
work no more than 20 hours a week"

Does this mean you have to invest A$750,000 with them and have the same amount in the bank for yourself?
If you only need this money in the bank for yourself can you include a house valuation?
Do you also need an income of A$65,000?
If coming from the UK although they state that you don't get Medicare does the UK have a reciprocal agreement with Oz for prescription charges etc?

Sorry for so many questions but I find this type of visa totally confusing. Many thanks for any help

Re: Investor Retirement Visa - Help on requirements needed
 

Does this mean you have to invest A$750,000 with them and have the same amount in the bank for yourself?

I think so. (it's per couple)

If you only need this money in the bank for yourself can you include a house valuation?

Initially, but the house has to sold to get the actual visa.

Do you also need an income of A$65,000?

Think so.

If coming from the UK although they state that you don't get Medicare does the UK have a reciprocal agreement with Oz for prescription charges etc?

No. You'll need Overseas Visitor Insurance - $4000-$5000 per couple per year, and you still pay the first $28 of each prescription (claim the rest back).

This is just how I read it - we were lucky enough to get the old 410 visa :D I'm not an expert - you'd probably be better posting in the immigration forum.

Lesley