I am not 100%, but unfortunately, I am pretty sure that he can ask you to pay half costs. However you would only need to pay half costs of a 'reasonable standard' fence in the area. So even though he put in colourbond, unless you agree, you would only have to pay the half cost of a 'standard' fence (ie, wood paling, or whatever is standard in your area.
But like I said I am not sure....



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