Finding the best shares to buy right now can be challenging, especially in a volatile market. For Australian investors, identifying opportunities on the ASX (Australian Securities Exchange) requires careful consideration of both short-term performance and long-term growth potential.
In this article, we highlight some of the best ASX shares to buy for those seeking strong performance and reliability, whether for immediate gains or as part of a long-term investment strategy.
Table of Contents
The best shares to buy in Australia often display certain characteristics that set them apart from the rest of the market. These include:
Strong Market Position – Companies with a competitive edge or dominant market share often perform well in both bullish and bearish markets.
Growth Potential – While shares in sectors such as technology, renewable energy, and healthcare often present opportunities for long-term growth, not all strong stocks rely on rapid growth. Blue-chip companies with stable earnings, strong balance sheets, and consistent performance can also offer reliable returns, especially for investors seeking lower-risk options.
Reliable Fundamentals – Consistent earnings, strong balance sheets, and clear growth strategies are essential for sustainable performance.
While these are some of the best shares to buy right now, it’s essential to remember that markets are constantly in motion, and stock fundamentals can shift rapidly. A share that appears attractive today may face changing circumstances tomorrow due to new market trends, economic data, or company-specific events.
Timing your entry is critical—buying too soon could expose you to short-term volatility, while waiting too long may result in missed opportunities. Even with solid fundamentals, it’s wise to keep an eye on broader market conditions and technical indicators to ensure your investment aligns with your financial goals and risk tolerance. Always approach “right now” opportunities with a balanced perspective and a long-term plan.
Our Top 5 Stocks To Buy Right Now on the ASX
Pro Medicus (ASX:PME)
Pro Medicus (ASX: PME) is at the forefront of healthcare imaging, providing cutting-edge software solutions that streamline radiology diagnostics. Its Visage platform enables rapid sharing of complex medical imaging, addressing the global shortage of radiologists. With a growing client base that includes top hospitals and a strong financial trajectory, Pro Medicus continues to scale through AI integration and cloud-based efficiency.
Despite its premium valuation, the company’s robust margins, high renewal rates, and expansion into cardiology position it as a standout in the SaaS healthcare sector.
Read the full analysis to explore Pro Medicus’ growth potential and market dominance.
Read the full article on how Pro Medicus (ASX:PME) made our list of 5 best shares to buy right now.
Suncorp (ASX:SUN)
Suncorp (ASX: SUN), one of the ANZ region’s leading general insurance firms, has emerged stronger after a challenging period marked by inflation and increased claims. With a robust modernization program and improved macroeconomic conditions, the company is now well-positioned for growth.
Key Highlights:
- Operational Strength: Suncorp enjoys dominant market share across key insurance verticals and operates a capital-light business model, allowing strong returns with low growth capital requirements.
- Favourable Market Dynamics: Moderating inflation and interest rates have reduced claim costs, boosted demand, and lowered reinsurance expenses, creating a positive outlook for FY25 and beyond.
- Transformation Through Digitization: Suncorp’s ambitious Digital Insurer Program, leveraging cloud technology and AI, is driving operational efficiency, faster claim settlements, and improved customer experiences.
- Shareholder Value Creation: Recent divestments, including the sale of its banking and NZ life insurance businesses, have unlocked capital for growth investments and shareholder returns through dividends and buybacks.
While regulatory exposure and climate-related risks remain challenges, Suncorp’s focus on innovation and operational excellence, coupled with its strong financial performance, positions it as a low-risk growth opportunity in the insurance sector.
Read the full article on how Suncorp (ASX:SUN) made our best ASX shares to buy list.
Breville (ASX:BRG)
Breville Group (ASX: BRG) is a leading Australian appliance company with a strong focus on premium products and sleek design. In FY24, Breville achieved revenue of $1.53 billion (up 5.3% YoY) and EBIT of $187.5 million (up 8%), showcasing its resilience amid global challenges like supply chain disruptions and tariffs. Gross margins improved to 36.5%, supported by reduced inventory levels, freeing $113.5 million in working capital and returning the company to a net cash position of $53.6 million.
Breville’s growth has been driven by expanding markets in Europe under its Sage brand and investments in innovation and acquisitions. Its financial flexibility and strategy to diversify manufacturing beyond China position the company for sustained growth despite potential macroeconomic risks. Breville’s high margins and premium positioning make it an attractive option for investors seeking stable growth at a reasonable valuation.
Read the full article on how Breville (ASX:BRG) made our list of 5 best shares to buy right now.
Fortescue Metals (ASX:FMG)
Fortescue Metals Group (ASX: FMG) is making waves as both a leader in iron ore mining and a pioneer in green energy innovation. With its robust dividend yield of 8.11% in FY24, supported by a competitive cost structure and solid financials, Fortescue offers a compelling opportunity for income-focused investors.
The recent addition of its high-purity magnetite mine, Iron Bridge, strengthens its operational base while aligning with its Real Zero Emissions 2030 strategy. Coupled with proprietary green technologies and investments in renewable energy, Fortescue is positioning itself as a frontrunner in the transition to sustainable mining practices.
While challenges such as cyclical market risks and technological hurdles remain, Fortescue’s resilience, scale, and focus on innovation make it well-suited for growth through the next commodity upcycle.
Dive into our detailed analysis of Fortescue’s operations, financials, and future opportunities to see why it stands out in the mining sector.
Read the full article on how Fortescue Metals (ASX:FMG) made our best ASX shares to buy list.
NextDC (ASX:NXT)
NextDC (ASX: NXT) is a leading Australian data center operator, benefiting from the rapid shift to cloud computing and AI-driven demand. As businesses move away from on-premises infrastructure, NextDC’s facilities provide critical connectivity and computing power to major cloud providers like AWS, Microsoft Azure, and Google Cloud.
The company holds a strong position in Australia’s A$4.8 billion digital infrastructure market, with growing demand fueled by AI and hyperscaler expansion. It recently secured Nvidia’s AI Factory certification, reinforcing its status as a key player in high-performance computing.
Key strengths
- Market leader with 16 operational data centers and expansion plans in Asia.
- Strong demand, with contracted utilization reaching 105% in FY24.
- AI-driven growth, with global data center demand projected to triple by 2030.
Challenges & Opportunities
- Capital-intensive expansion funded by debt and equity raises, though strategic rights issues aim to minimize dilution.
- Growth potential in AI applications, international expansion, and sustainability initiatives, with Australia’s renewable energy resources presenting a major advantage.
NextDC reported 10% revenue growth in FY24, with expectations of further expansion. Analysts remain optimistic, with Morgan Stanley setting a A$20/share target, implying over 25% upside.
Given its market position and long-term AI megatrend exposure, NextDC presents an attractive investment opportunity as operating leverage kicks in.
Read the full article about NextDC (ASX:NXT) on how the stock made our ASX undervalued stocks list.
Stock markets are influenced by a variety of factors, which must be carefully considered when identifying the best shares to buy right now. These forces not only impact short-term price movements but also affect the medium- and long-term outlook for shares. By understanding these dynamics, investors can make better decisions when timing their entries and exits in the market.
Short-Term Drivers: Supply and Demand Imbalances
The most immediate driver of share prices is supply and demand imbalances in the market. This reflects the day-to-day order flow as investors buy or sell shares for various reasons, including speculation, portfolio rebalancing, or reacting to news. Forecasting these movements can be challenging and often requires advanced technical analysis. This is especially important for identifying the best shares to buy now, as timing your entry point can significantly impact your returns.
Medium-Term Influences: Macroeconomic Forces
In the medium term, share prices are shaped by broader macroeconomic factors such as changes in interest rates, government policies, inflation, and consumer sentiment. These factors drive trends in the market as a whole and often affect certain sectors more than others. For example, changes in interest rates can impact the profitability of companies in industries like real estate and finance, which are often among the best ASX shares to buy during periods of growth or recovery. Understanding how these forces interact globally is key to anticipating market shifts.
Long-Term Drivers: Company Fundamentals
Over the long term, the performance of the best Australian shares to buy for long-term growth is largely driven by their fundamentals. These include quantitative metrics such as earnings growth, profit margins, and return on equity, as well as qualitative factors like industry competition and the regulatory environment. For long-term investors, focusing on companies with strong fundamentals and sustainable competitive advantages is critical to building a robust portfolio.
Timing Is Still Key When Buying the Best Shares to Buy Right Now
While these are the best shares to buy in Australia based on current conditions, it’s important to remember that markets are dynamic. Stock fundamentals and macroeconomic conditions can change quickly, making timing an essential part of any investment strategy. Even when shares show great potential, buying at the wrong time—such as during a market rally or before a correction—can impact your returns. By combining market timing, macroeconomic insights, and fundamental analysis, you can maximise your chances of success when investing in the best ASX shares to buy right now.
