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