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.
Cochlear (ASX:COH)
Cochlear remains the global leader in implantable hearing solutions with a 40-year track record and strong market dominance. While recent tariff concerns, cost overruns, and sluggish growth in some segments have pressured the stock, the company’s long-term growth outlook remains compelling.
Key points:
- Consistent ~75% gross margins and $383M net cash position
- Strong R&D investment ($3B+ to date) fueling next-gen products
- Massive underpenetrated market (60M+ people eligible)
- Recent tariff threats appear manageable under current medical exemptions
- FY24 revenue +15%; FY25 profit guidance at lower end of $410–430M
Overall, Cochlear offers solid long-term potential, particularly as aging demographics and new clinical evidence expand demand.
Read the full article on how Cochlear (ASX:COH) 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.
Webjet Group (ASX:WJL)
Webjet Group (ASX: WJL) has re-emerged as a standalone B2C travel powerhouse following its demerger from WEB Travel Group in September 2024. With industry-leading margins, a 44% market share in OTA flight bookings across ANZ, and a strong net cash position of A$100.7 million, the group is well-positioned for sustained growth.
Powered by revenue optimisation and innovative tech such as Trip Ninja, Webjet OTA is outperforming despite domestic softness. Ancillaries now make up 35% of revenue, and international bookings continue to climb, supported by member-only offers and personalised targeting.
While GoSee faces pressure from weak long-haul tourism, management is actively restructuring to streamline operations and reduce costs. With index inclusion likely and a low earnings multiple of ~8x, Webjet Group represents a compelling opportunity in digital travel.
Read the full article on how Webjet Group (ASX:WJL) 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.
