@Bob *********
agree. This multi trip Aussie travel insurance costs about $460/year and covers theft etc as well as unlimited medical (even for a 70 year old (not pre-existing conditions though).
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One plan could be to alternate
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months in AU and TH - that way you stay tax resident in AU and dont get hit with 32.5% tax on your age pensio and just remain a regular tourist in Thailand for just under 6 months each year. Even with 2 residences (rent in AU and Airbnb in TH) and flights and 2x60-day tourist visas plus 2-visa-exempt 30-day ones, it work out cheaper than OA/X visa. If you have enough money, rent a condo in TH full year so you can keep things there and feel more stable. Might need to offer full year rent in advance though.