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interesting story i heard yesterday - developer goes for a lock up claim with his big 4 lender at the height of the gfc. lender reluctant to part with cash and lookign for any excuse, so knocks back claim on the basis of a very minor part of the lock up not done, one thing leads to another...

for a $700k block you are in danger of under capitalising but it depends on your obejctive, if you just want holding income and deductions then who cares. $700k block would, without knowing detaisl, suggest more like a $500k 2 storey with an end value of $1.4m - $1.6m