Re: the Corning issue, that general area (NY State), including Elmira and Hornell, abounds (apparently) with properties returning strong CF+ properties. I was inspired to consider this area after reading an article in this month’s Australian Property Investor, written by a couple that have recently purchased a duplex property in both Elmira and Hornell. Corning looks like a vibrant, touristy town compared to Elmira which is larger and has a more diversified economy. I am in the process of doing market research on this area. I am a little concerned about Elmira. Since the ’90’s, it has experienced a decline in population as much as 9%, although in 2005, this decline was less than 1%. From memory, when I looked at available rentals in Corning, there were plenty advertised – too many for my liking. That was really a cursory look though, so further research is necessary. The following link may be of some use – http://censtats.census.gov/data/NY/1603618256.pdf.

In the article referred to earlier, the couple mentioned an investment group. They obtained very useful contacts through the investment group including a Buyer’s Agent in Hornell who apparently has helped a number of Australians buy in the area. Unfortunately, no reference details are available in the article [angry2] You can send in questions to the couple, via the mag, that may or may not be featured in the mag, at a later date [thumbsdownanim So my looking continues.

Hope this has been of some assistance. If anyone has more substantial info on the area, I too am very interested.