• REAL ESTATE experts have slammed the NSW government’s decision to add a 4 per cent stamp duty surcharge on residential property bought by foreigners as nothing more than a “money grab”.

The new charges are expected to pocket the government an extra $1 billion over the next four years, but their introduction has not coincided with any new schemes to help first homebuyers, prominent industry figures said.

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Greed

Mansion Villa del Mare in Point Piper was the subject of much controversy last year when it sold to a Chinese billionaire for $39 million.