For a cheaper, faster and possibly easier option, take a look at this for some inspiration. The lighter colour of the walls may reflect more light and be a stand out feature of your home. Click on the link and scroll to the image of the polished timber floor with the timber wall and ceiling. Polished timber floors with timber wall paneling

Yes, our harsh Australian environment does hammer our external finishes but if exposed timber is coated with a good quality finish initially ( i recommend 4 coats minimum ) then an ongoing maintenance coat every couple of years, your timber can still look great many years down the track. People just need to understand if you want that beautiful natural timber look you have to put time in to maintain it.

Look at 'Iron Ash'. Its a treated version of what you're after. Don't know anything about it but seen it recently on the web. Overall avoid Merbau as mentioned above, as well as being an imported 'sustainably' managed timber.... Use local product's when available as they're manufacturered to high standard's, supporting local job's, companies must meet tight regulation's, etc. unlike other countries....

The silver will look quite good with your colour scheme. I would probably change some weatherboard for Scyon Axon just to change it up a bit. Also use Scyon Axent for architraves and wall corners. Don't forget eaves and veranda ceilings, etc. as a really nice looking feature use HardieGroove or maybe even some timber to break up the acres of painted surfaces.