What is the definition of land rent here? Is it just land rent as in imputed land rent etc or is also capitalized future land rents, that is, has land price appreciation been included in land rents?
It is a combination of actual and imputed land rent. It is not capitalized future land rents (which would be land prices). Land price appreciation as capital gain is shown separately and appears to be relatively low. Full details of assessment are to be found in Prosper Australia’s report “Trickle-Up Economics” by Dr Gavin Putland –> http://thedepression.org.au/trickle-up-economics/trickle-up-17apr-convert/
What is the definition of land rent here? Is it just land rent as in imputed land rent etc or is also capitalized future land rents, that is, has land price appreciation been included in land rents?
It is a combination of actual and imputed land rent. It is not capitalized future land rents (which would be land prices). Land price appreciation as capital gain is shown separately and appears to be relatively low. Full details of assessment are to be found in Prosper Australia’s report “Trickle-Up Economics” by Dr Gavin Putland –> http://thedepression.org.au/trickle-up-economics/trickle-up-17apr-convert/