GROUP D: AFFLUENT ACREAGE D15. Coastal Contentment Older couples and singles with large disposable incomes living in desirable coastal locations Who We Are… Coastal Contentment are older couples and singles aged 65 and over. They are in the final stages of their career or have retired and are enjoying all that retirement has to offer. Those who are still working are employed in senior positions, many in the agriculture and real estate industries, due to the more regional nature of this Type. These households are predominantly of Australian ancestry, although people from the UK and Ireland are also well represented. They are well established, having lived in their current location for over 6 years. Coastal Contentment people are active in their community and volunteer their free time for charitable causes. Where We Live… These households live in some of the most sought-after regional and coastal locations. Coastal Contentment made a conscious choice to move somewhere less dense to raise their family and to enjoy their retirement once the children had left home. Large family homes were consequently built on some of the biggest residential plots within Australia, and they come with equally large price tags. Four bedrooms or more means that these empty nester couples can enjoy entertaining their extended family in comfort. The more remote coastal locations mean that at least one or two cars are a necessity. Unoccupied households are highly over represented, indicating that almost a quarter of these households are not primary dwellings. Our Finances… Coastal Contentment are in the highest brackets for both personal and household income earnings. Although mortgage repayments are high due to their desirable properties, most can comfortably cover this large expense, especially now that their children have left home. A high proportion of households do not have to worry about financial burdens, as they have managed to purchase their homes outright. Spend on financial services is over-represented, securing their financial future as retirement approaches. They have built up a portfolio of shares over the years, which will only add to their comfort in retirement. What We Do… This well-read and well-travelled Type enjoys cultural pursuits such as the theatre, ballet and opera. They entertain at home often and enjoy fine food and wine, despite being conscious of eating healthily. They’re busy making the most of their retirement and high disposable income by travelling the far reaches of the globe. This Type keeps up with current affairs by reading broadsheets and watching non-commercial television. High-end department store brands are preferred over less expensive ones, as they have a preference for quality over price. About Mosaic: Mosaic is a household based consumer lifestyle segmentation system that classifies all Australian households and neighborhoods into 49 unique segment Types and 13 overarching Groups, providing a 360-degree view of consumers’ lifestyles, behaviours, preferences and culture. Utilising the most recent census data, Mosaic offers a common customer language to define, measure, describe and engage target audiences through accurate segment definitions that enable more strategic and sophisticated conversations with consumers. This groundbreaking classification system paints a rich picture of Australian consumers, providing marketers with the most accurate and comprehensive view of their customers, prospects and markets. www.experian.com.au/marketing-services/ Mosaic Group D – Affluent Acreage Type – Coastal Contentment [email protected] Experian Marketing Services
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