You could cut ties with Australia to a sufficient degree that the ATO would deem you a non-resident for tax purposes. Generally this would involve removing yourself from the electoral roll, selling a car, having no fixed address, not using Medicare etc.
Maintaining an Australian bank account, renting out an investing property, returning for holidays would not be in breach of this status in and of itself.
More information can be found here: https://www.ato.gov.au/individuals/.../work-out-your-tax-residency/residency-tests/
As a non-resident for tax purposes you don't pay CGT on shares. You will still have tax withheld on the unfranked portion of dividends.
So ultimately if you remain a non-resident for a long period of time, the opportunity is there to add significantly to your profits through investing in shares. Much more so for example than property investing, whereby you are liable for CGT, as well as being taxed on rental income.
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