Zango Snags Former REA Executive Darryn McRae

November 20, 2020

McRae has been named Zango's new CEO

A former REA exec is hopping ship to another Australian property portal, this one focused specifically on the Canberra real estate market.

Zango has announced that Darryn McRae will be replacing Ben Faulks as the company’s CEO. Faulks isn’t leaving Zango, though. He has switched to the Director role, moving forward.

Zango Director Ben Faulks says:

“It’s been a real privilege to hold a leadership role with Zango and to witness the coming together of the  Canberra real estate industry. I am delighted to support Darryn as he assumes the role, and to continue to  play an active part in the business moving forward.”

McRae was REA’s third longest-serving employee with almost two decades of deep experience in digital real estate marketing under his belt.

At REA, McRae held the Sales Manager for NSW roll for the last five years and has been key in developing and implementing sales strategies to boost and support customer experience and advertising revenue for the residential sector of NSW.

McRae chose to switch employment because of how attractive Zango’s business model is:

“I was particularly drawn to the fact that the ACT is a smaller market and Zango’s structure and systems mean it can be nimble which is incredibly important in today's digital world. The agent-owned model of  Zango is also unique and I am excited to immerse myself into that dynamic.”

Faulks says:

“Darryn is a seasoned professional in the property portal space, so to be able to secure his services for the people of Canberra is huge validation for the work that we’ve been doing.”

November 20, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 1774359365
FangDD H1 2026: Revenues Fall to RMB115.7m as Gross Margin Improves

FangDD Network Group, the Shenzhen-based proptech company listed on Nasdaq, has published unaudited results for the six months to 30...

Read More
The Big AI Play 1
"Data Intelligence Is The Only Variable"—Real Estate Portal AI Plays, Put Simply

Since 2023, AI has shifted from 'cool new thing' to 'strategic pillar' for real estate marketplace businesses, so much so...

Read More
Shutterstock 512884012 2
FDV H1 2026: EBITDA Margin Hits 17% as Revenues Fall 27%

Frontier Digital Ventures reported revenue of USD 14.4 million for the six months to 30 June 2026, down 27%, and...

Read More
streeteasy skyline 3
StreetEasy Introduces Big Brokerage Cap, Affecting Compass Agents

Zillow's New York City-focused portal, StreetEasy, has introduced a cap on how many agents from large brokerage businesses can join...

Read More

Editor's Pick