An Australian Permanent Residency (PR) visa grants holders the right to live, work, and study in Australia indefinitely. However, the initial travel facility attached to the visa is valid for five years. After this period, if you want to travel in and out of Australia freely, you must apply for a Resident Return Visa (RRV) to extend your travel rights. Even if the travel facility expires, your permanent residency status within Australia remains valid, allowing you to continue living and working without restriction. Citizenship is the next step after maintaining PR.