You're wasting more on this than that gym membership you never use

Australians are wasting $1.8 billion a year on unused gym memberships and more than double that amount on suboptimal home loans.

Australians are known for being an active bunch. We learn to swim from a young age, many of us cycle to work – we pride ourselves on being fit. Even so, we waste $1.8 billion a year on gym memberships we don’t ever use. But before you kick yourself with your squeaky clean joggers, spare a thought for the homeowners who are wasting more than double that amount on suboptimal home loans. That’s right. New research from active home loan manager UNO has found one of the biggest hidden drivers of household financial waste in Australia is home loan interest. According to UNO, Australians are wasting an estimated $4.2 billion each year on unnecessary home loan costs. UNO’s Household Financial Waste Report found most homeowners begin their home loan with a good rate and a mortgage that works well for them. But myriad factors such as rising or falling best home loan rates, the changing value of the property prices and new lending products entering the market all impact how well that loan is performing – and many Aussies are simply turning a blind eye. Download uno’s Household Financial Waste Report“This ‘set-and-forget’ approach to home loans is costing us billions each year,” said UNO CEO Anthony Justice, adding 53% of homeowners don’t even know what their current interest rate is. The report breaks down home loan wastage in each state and looks at what homeowners could stand to save if they switch to a better rate. Homeowners in New South Wales could potentially save $1,300 in lower interest repayments, while Victorians could save $1,200. Luckily for homeowners, there’s little work involved in keeping their rate in check as, as an active home loan manager, UNO can do the work for them. UNO’s loanScore technology analyses the market daily to check customers’ loans against thousands of home loan products in the market. Customers are alerted when their potential savings hit their chosen threshold and, with their approval, UNO can renegotiate with the customer’s current lender or switch them to a better deal. “By letting us keep an eye on your rate – and letting you know when you could switch to a better one – Australians could save thousands each year,” said Mr Justice. Australians, you know you’re wasting thousands on your home loan. So, should you just sit there? Yes! Because UNO fights home loan waste for you. As for that unused gym membership… you’re going to have to sort that one out yourself. Book a call in with UNO

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Eden Harris
August 20, 2025
5 stars for our service reviews from clients
Paul was awesome and handled my 1000 questions and follow ups like a pro. Happy with our home and loan :)
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Liam Johnson
August 9, 2025
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Fantastic service and great outcome. I have used Scott Wilkinson twice (initial finance and a subsequent refinance) and have found him to be responsive, reliable and knowledgeable - secured me a circa 1% rate reduction with minimal work involved from my end. Highly recommend.
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Birgit-Katja
August 7, 2025
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What a smooth, hassle free and stress free refinance with Jake. He took a very complicated loan from one bank to the other and not only saved us a lot of money but we basically also didn’t have to lift a finger in the entire process (apart from the basic paperwork needed). I am extremely impressed with Jakes knowledge and how he was able to answer questions and explain complications. Thank you Jake and the entire staff at UNO :)
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Justin Butcher
July 28, 2025
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PROFESSIONALISM PLUS Jake was very helpful in helping us achieve our dream. He is a very professional and informative person who goes out of his way to help his clients through a stressful time whilst making the whole process seamless. On top of this he can also help get better Insurances and is happy to assist where he can. We would absolutely recommend choosing Jake to help you! Thanks for everything it was a pleasure dealing with you.
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Aurora Tang
July 21, 2025
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Had a fantastic experience with Paul. He was knowledgeable, responsive, and made the whole process smooth and stress-free. Highly recommended.
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Just Abby
July 18, 2025
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My dealings with Scott Wilkinson at UNO, have been nothing short of exemplary. My refinance involved a bunch of moving parts due to a business debt, and Scott didn't stop until we got an excellent result! Great communication, easy online portals for data collection and, from all accounts, a great team working together to get results for their clients. I really can't thank Scott enough, for going the extra mile(s) to make this happen for me. 10/10 would recommend his services to anyone looking at a restructure, and I won't hesitate to reach out again, should I be in the position in the future.
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Matt Rose
July 11, 2025
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We’re incredibly grateful to Mike Parsons for his outstanding support and expertise. Mike took the time to genuinely understand our unique situation and demonstrated a deep level of knowledge and insight throughout the process. His ability to assess our needs and apply tailored solutions made all the difference. Thanks to his thoughtful approach and professionalism, we were able to achieve an ideal outcome that perfectly suited our circumstances. We highly recommend Mike to anyone looking for a knowledgeable and client-focused professional who truly goes the extra mile.
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Get About Guy
July 10, 2025
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The UNO Home Loans team provided a great experience. I'm an expat Aussie living in the UK who was looking for an investment property back home in Australia. Mike and the team guided me through the whole process from giving me an initial indication of how much I could borrow, to finding me a lender with an appropriate loan that met my needs, and finally through the settlement process with the bank. The team were always available to answer my questions very promptly. The whole experience was very easy and hassle free.
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Kylie Morgan
July 8, 2025
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Scott and the team were amazing. The entire process was so simple and so fast! Thank you!
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Gillian Kearon
July 6, 2025
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I highly recommend Mike Parsons as a mortgage broker. I couldn't fault the service provided by UNO. Thanks Mike!
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John Carlo Penaflor
June 24, 2025
5 stars for our service reviews from clients
Amazing service from Scott. Efficient, clear and fast. Got my homeloan refinanced in record time.
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Rebekah Tolmachoff
June 24, 2025
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We had a fantastic experience working with Paul at Uno. From start to finish, he was professional, attentive, and genuinely cared about us and our situation. He kept in touch throughout the entire process, always keeping us informed and making everything feel simple and stress-free. Nothing was ever too much trouble, and his support made a big difference. Highly recommend Paul to anyone looking for a reliable and caring broker!
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