Dad nabs first home for banker

The Sunday Telegraph (Sydney) - - REALESTATE - WITH STEPHEN NI­CHOLLS stephen.ni­[email protected] twit­[email protected]_ SteveNi­cholls

A PROUD dad bought his banker son a first home in Crows Nest yes­ter­day for $1,803,000 — $203,000 above re­serve. The two-bed­room prop­erty had cost its ABC film ed­i­tor ven­dor $36,500 in 1975.

Agents Rick D’Amico and Djordje Kreso­vic, of Forsyth, had seven bid­ders reg­is­ter for the charm­ing cot­tage at 162 Atchi­son St, with six of them fight­ing fran­ti­cally for it from the open­ing of­fer of $1.49 mil­lion.

From then on the $10,000 and $5000 bids were fly­ing, with auc­tion­eer James Pratt do­ing well to keep up, but de­ter­mined dad Greg Sedg­wick emerged vic­to­ri­ous.

He was do­ing the bid­ding for his son, Mitchell Sedg­wick, an as­so­ciate at Gold­man Sachs, who was look­ing for a first home for him­self and his girl­friend Emma Fletcher, a mar­ket­ing man­ager.

The young cou­ple, both in their 20s, are hol­i­day­ing over­seas.

Al­though father Greg is help­ing with the de­posit, the cou­ple have fi­nanc­ing ap­proved.

It was a hard-fought bat­tle for the prize, with the bids down to $1000 of­fers at the end. The un­der­bid­ders were a lo­cal Chi­nese fam­ily.

Mr Sedg­wick’s op­po­nent was a young woman who looked ea­ger to con­tinue the con­test — but her hus- band snatched her lucky No. 8 pad­dle from her hands, prevent­ing any fur­ther bids.

Peter Vile, 83, who worked at the pub­lic broad­caster be­tween 1968 and 2000 and is af­fec­tion­ately known as “Mother”, was the ven­dor and it had been his first home at the age of 40.

“It was a lot of money back then,” he re­mem­bered.

“I’m pleased to see it go­ing to a young cou­ple.”

Mr Vile was well-re­garded at the ABC, win­ning a Sammy award for his film edit­ing. He re­mem­bers work­ing with Bill Peach on This Day Tonight.

The walls of the well-kept home are crammed full of travel posters, stars of the screen, bal­let dancers and even cats.

There are also sev­eral gold stat­ues, in­clud­ing a replica of Michelan­gelo’s David.

“None of it was mine,” Mr Vile laughed.

“They’re all from a friend who moved in to look af­ter the place when I went over­seas and he stayed for 25 years.”

Then Mr Vile in­her­ited the lot when the friend died 15 years ago.

Now he is mov­ing into aged care, it’s all for sale — and the Sedg­wicks may be able to help.

“We will prob­a­bly buy one or two to keep a bit of history,” Greg Sedg­wick said.

Mean­while, a stun­ning sixbed­room, six-bath­room wa­ter­front home at 16 Mil­ray Ave, Woll­stonecraft, failed to sell at auc­tion yes­ter­day.

Just one party reg­is­tered, but Stone McMa­hons Point agents Annika and Aaron Bon­giorno had oth­ers wait­ing in the wings and they’re now ne­go­ti­at­ing with sev­eral par­ties.

The price guide was $5.7 mil­lion.

Peter Vile with Greg Sedg­wick; the un­der­bid­der; and the in­te­rior.

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