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Raine & Horne establishes presence in one of Australia's leading innovation districts

November 22, 2024

Raine & Horne has launched a new office in Macquarie Park, a rapidly growing innovation district in northern Sydney, with the dynamic duo of Winston (Chengxiang) Huang and Bo Li at the helm.

Mr Huang and Mr Li are directors of the independent agency K2 Real Estate, which they launched in 2015 and bring extensive experience in real estate sales, marketing and property development to Raine & Horne Macquarie Park. The new Raine & Horne principals bring broad industry experience to their new venture, including successfully completing a townhouse development.

Mr Huang has been in real estate since 2012 and has a master’s degree in Property Development from the University of Technology Sydney (UTS). He also has an accounting degree from Macquarie University, the innovation district’s focal point.

Mr Li, who arrived in Australia from China in 2002, holds a Bachelor of Civil Engineering from the University of NSW. Known for his friendly and patient demeanour, Mr Li ventured into real estate in 2010 at the encouragement of friends after finding limited opportunities in civil engineering in Sydney. When the real estate market surged in 2012, Mr Li who has lived in or near North Ryde and the Macquarie Park region since arriving in Australia was hooked.

A strategic location in a thriving innovation hub

Macquarie Park emerged from North Ryde as recently as 1999 and has evolved into one of Sydney’s most dynamic innovation districts.

Home to Macquarie University and the headquarters of many major multinational firms, the area also hosts a thriving community of startups and established Australian businesses. The district offers excellent transport links via the Metro and M2, extensive bus routes, and close proximity to Macquarie University’s research and talent pool. With over 63,000 jobs[i] located in the district, Macquarie Park offers an ideal environment for business growth.

“We plan to service Macquarie Park and surrounding areas such as North Ryde, East Ryde, Marsfield and beyond,” said Mr Huang, who lived in the Macquarie Park district for over a decade.

“Macquarie Park is an excellent location to own a property as it has strong infrastructure, making it highly attractive for families and professionals.

“The area offers great convenience with amenities like Macquarie University, the Macquarie Shopping Centre, and easy access to public transport, and householders have the magnificent Lane Cove National Park on their doorstep.”

Meeting the needs of a growing market

The Macquarie Park real estate market is predominantly focused on apartments, with the median price for a two-bedroom unit sitting around $910,000. Most apartments in the area have been built within the last decade, attracting a diverse buyer base.

According to Mr Huang, “Many buyers are young professionals or former Macquarie University students who know the area well. Families and downsizers are also drawn to the area’s amenities and job opportunities.”

A win-win partnership

Commenting on the decision to join Raine & Horne, which recently unveiled a major brand refresh, Mr Huang said, “Raine & Horne is a big name, and joining forces with them will create new opportunities for us in residential real estate.

“We can’t wait to tap into this background and experience. This transition will also help us expand our sales business and grow our rent roll while attracting experienced property managers. It’s a win-win situation for Raine & Horne and us.”

Mr Li also expressed gratitude for the opportunity to partner with Raine & Horne, describing it as a trusted and respected brand.

“We are very excited to be joining Raine & Horne, a family owned and operated business which has been in real estate for 141 years.”

For all your sales and property management needs in Macquarie Park and surrounding suburbs, visit https://rh.com.au/macquariepark/ or visit the brand new office at 21 Delhi Road, North Ryde, located inside the North Ryde Metro Station. 

[i] https://www.connectmpid.com.au/about-macquarie-park