3 high-quality Australian shares I’d buy with $10,000

If I had $10,000 to invest in Australian shares today, I would put my money into companies that I believe can become more valuable over time.

With that said, here are three Australian shares I would consider in June.

Sigma Healthcare Ltd (ASX: SIG)

Sigma Healthcare is one Australian share I would be happy to buy with part of that $10,000.

The reason I like Sigma is that it now sits close to everyday health spending.

Customers do not only visit pharmacies when they are sick. They also buy vitamins, skincare and beauty products, personal care items, prescriptions, over-the-counter medicines, and everyday wellness products. That gives the business a level of repeat demand that I find attractive.

I also like the scale of the platform. A large pharmacy network can benefit from supplier relationships, distribution capability, brand recognition, customer data, and strong store traffic. In a cost-of-living environment, value still matters, and I think the Chemist Warehouse brand is well-positioned for shoppers seeking health and wellness products at competitive prices.

There are still risks to consider. Retail execution, pricing, competition, supplier terms, international expansion, and distribution performance all need to be managed well. But I think Sigma has the chance to become one of the most important healthcare retail businesses on the ASX over the next decade.

Goodman Group (ASX: GMG)

Goodman Group is another Australian share I would buy.

This is a property business, but I do not think it should be viewed as a simple landlord. Goodman owns, develops, and manages industrial and logistics assets in key global locations. Increasingly, it is also tied to the demand for data centre infrastructure.

That combination is powerful in my view. Modern supply chains need efficient logistics space close to consumers, ports, transport routes, and major cities. At the same time, cloud computing, artificial intelligence (AI), software, and digital services require more physical infrastructure.

Goodman is exposed to both.

What I like most is that the company has spent years building relationships, developing capability, and gaining access to locations where new supply can be hard to create. That can be a meaningful advantage when customers need high-quality space in the right places.

Interest rates, development costs, and data centre expectations can all affect sentiment. But I think Goodman has the type of asset base and management skill that can create value for many years.

Commonwealth Bank of Australia (ASX: CBA)

The third Australian share I would buy is the Commonwealth Bank of Australia.

CBA is not the cheapest major bank on the ASX. In fact, it often trades at a clear premium to its peers.

But I think that premium is understandable. The bank has one of the strongest deposit franchises in the country, deep customer relationships, and a digital offering that continues to set a high standard. Those things can be easy to underappreciate when investors focus only on the price-to-earnings (P/E) ratio.

Banking is a competitive industry, and margins, funding costs, bad debts, and regulation all need to be watched. But CBA has shown over many years that it can operate from a position of strength.

I also like the fully-franked dividends. They are not the only reason to own the stock, but they can add useful returns while the business continues to serve households, businesses, and investors across Australia.

For me, CBA remains the highest-quality major bank and a share I would be comfortable owning for the long term.

Foolish Takeaway

A $10,000 investment does not need to be built around one type of opportunity.

I like the idea of owning businesses that benefit from different parts of the economy: health and wellness spending, global logistics and digital infrastructure, and high-quality banking.

The share market will always offer plenty of distractions. But if I were investing $10,000 today, I would rather focus on companies with strong positions, clear demand, and the ability to stay relevant for years. That is what makes these three Australian shares stand out to me.

The post 3 high-quality Australian shares I’d buy with $10,000 appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has positions in Commonwealth Bank Of Australia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.