You will be delighted to know that a new parent visa subclass (870) has been opened for applications on 17 April 2019. It pertains to applying for permission to let your parents stay with you if you are an Australian resident or citizen. Permanent citizens of Australia can file for a contributory parent visa. The eligibility conditions are that the parents should be above 65.5 years and 50 % of the parent’s children must be Australian residents or citizens. It involves depositing an amount of AUD$ 43,600 per migrating parent. The payment can be done in full at one time or split into two instalments. The amount is requested after the parents have cleared the police and health checks. The visa processing takes 48 months. After the visa is granted, the parents become permanent residents of Australia. Approach Migration agents Brisbane if you intend to file this visa.