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Insulating homes could save Aus...

Insulating homes could save Australia some $500 million

Uninsulated properties are a burden on the economy in Australia, it has been claimed.
People living in properties that are not insulated in Australia are spending far more than they need to each year on energy, according to a new study, causing a drain on the economy. 

According to the findings from the Knauf Insulation firm, the average family spends $450 more than they need to each year, with uninsulated homes, which keep properties cool in summer and warm in winter, are costing the country a collective $500 million per year.

It said that almost one in ten people who own a home have no idea if their property is insulated or not, which could mean they're allowing energy to escape through floors, walls and ceilings.

And the issue is twice as bad in the rental sector, where as many as 20 per cent of people say that they have no clue whether their home is insulated or not.

Insulation comes in a number of forms, whether it is strips of insulation in loft spaces, underfloor or in the walls themselves, all of which help to protect the energy efficiency of the home.

Posted by Craig Francis

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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