Another member of REA Group has just left the team - Daniel Bignold, head of residential for realestate.com.au.
Bignold began at REA Group in 2006 running realcommercial.com.au, which he grew by around 650 percent over three years. In early 2009, he moved to the residential side of the business, and also took on management of realholidays.com.au and homeguru.com.au.
Some might question Bignold's decision to leave a company that has just posted such strong financial results, but he says it was a matter of company direction:
"The business has decided to take some directions I don’t necessarily agree with," Bignold told propertyportalwatch.com.
"I’m now evaluating some different opportunities," he added, without going into further detail.
Bignold did say REA Group had a "teriffic" corporate culture and described it as one of the best he had worked in.
When questioned on REA Group's financial future, Bignold maintained there is still room for expansion.
"There's no question there's room for more growth," he explained. "Not in new subscriptions, but in terms of a greater share-of-wallet from existing customers."
Bignold's departure follows that of REA Group director Alasdair MacLeod in early February. In 2009, the company also lost general manager for international business Shaun Di Gregorio and Australian CEO Jamie Pride.