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Nick, the type of fence will not attract a tenant, especially at the back of a property. You could make an argument that a picket fence at the front could attract a tenant - just from a street appeal perspective. I'm a fan of colorbond too but be aware that kids and cricketballs will dent it...

Congrats :) It does not matter what any of us think Nick. You need to have this conversation with the affected neighbours as they will be paying half and having a say in type etc.