At 4 per cent, the median stamp duty bill relative to property prices in the ACT is the highest of any state and the territory's stamp duty bill has increased by 111 per cent over the past five years, BankWest's Residential Stamp Duty report showed.
The bank, which drew its data from government revenue offices, the Australian Bureau of Statistics and Residex, said hefty stamp duty bills on residential property were making it harder for would-be home owners to enter the market.
Stamp duty on a typical Australian home has increased 59 per cent in the past five years. This is close to double the rise in household income over the same period. Almost $53 billion of stamp duty receipts both residential and commercial have been paid to state and territory governments over this period, while annual stamp duty revenues have risen 77 per cent.