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The Pastoralists and Graziers Association of WA, which represents billionaires Gina Rinehart, Andrew Forrest and Kerry Stokes’ pastoral interests – is on the verge of collapse and mired in allegations of financial misconduct.

Meanwhile, ASIC says it's in the late stages of its inquiry into ANZ's bond trading and plans to decide on what course of action to take by mid year.

And 'buying bricks’ in houses rather than a whole property is a growing investment strategy that can bridge the finance gap for first-time property buyers, writes columnist James Gerrard.