People moving to Australia to live and work and wishing to buy a house could face more tax than they perhaps had anticipated, new figures suggest.

According to the Housing Industry Association, the voice of the residential building industry in Australia, property tax having a detrimental effect and it varies according to where you choose to live.

australiahouse200A breakdown of the figures from the HIA's latest report shows that in November 2015, Northern Territory home buyers continued to suffer the highest stamp duty bills at $25,600, followed by Victoria at $24,700 and New South Wales at $23,600.

Queensland continued to offer the lowest stamp duty bills by a comfortable margin at $6,300 followed by Tasmania at $9,300. Stamp duty bills are the fourth highest in the ACT at $18,400, with Western Australia in fifth place at $16,300 and South Australia in sixth at $15,400.

The typical stamp duty bill nationally rose to $19,045 from $17,653 in June, an increase of 7.9% and the cost of stamp duty is equivalent to almost four monthsí worth of earnings, with stamp duty causing mortgage repayments to increase by $1,165 per year, or $34,955 over a 30 year loan term.

"The cost of stamp duty has a significant negative multiplier effect causing a downward financial spiral for households. Apart from the immediate effect of being over $19,000 worse off, stamp duty results in mortgage interest payments increasing by about $15,900," said HIA senior economist, Shane Garrett.

"Damage from the tide of stamp duty doesnít stop there. Home buyers have smaller deposits after stamp duty is paid and must bear larger mortgage debt. As a result, significantly higher LMI charges must then be paid," he explained.

Garrett pointed out that on a standard home purchase of $527,000, stamp duty can push the LMI premium up by another $7,855. If thatís not bad enough, a further layer of mortgage interest is added on top of the LMI premium if it is capitalised.

"The end result is that the typical stamp duty bill of $19,045 can snowball up to about $50,000 once LMI and mortgage interest are factored in. This is an unacceptable burden to place on ordinary home buyers," he added.

Garrett also pointed out that as state governments rely more and more on revenue from stamp duty, they have been blinded to the obvious consequences of these costs have on prospective first home buyers.

Indeed, the most recent Productivity Commission report also noted the huge disincentive that stamp duty places on older households wishing to downsize.