You may have parents dependent on you to care and provide for their needs. However, staying in a foreign land away from them might make it a challenge to look after their well-being.
Letting your parents move with you to Australia may be possible with the parent visa subclass 103. This is possible if you are an Australian citizen, permanent resident or eligible New Zealand citizen.
With this visa, the parent of the Australian citizen, Australian permanent resident or eligible New Zealand citizen may stay in Australia as a permanent resident. Other family members who meet the health and character norms can also be sponsored to come to Australia.
Once this visa is granted, the parents are permitted to move in and out of Australia for five years.
If you are retired and apply for the parent visa subclass 103, you won’t have to meet the balance of family test, or have a sponsor or assurance support.