Building passive income from ASX stocks does not always mean owning banks and miners.

There are plenty of other companies out there that can provide attractive dividends while giving investors exposure to different parts of the economy.

With that in mind, here are three ASX passive income stocks that could be worth considering if you have $50,000 to invest.

Accent Group Ltd (ASX: AX1)

Accent Group could be an interesting option for investors looking for a combination of income and growth.

It is one of Australia’s largest footwear and apparel retailers, with stores including The Athlete’s Foot, HypeDC, Platypus, Stylerunner, and Skechers.

Retail can be cyclical, but Accent has built a strong position by focusing on categories where consumers are often prepared to spend for brands they know and like.

It also has a large store network, growing online operations, and exposure to some of the world’s biggest footwear brands.

If consumer spending improves in the near term and Accent’s earnings rebound, there could be scope for dividends to increase meaningfully.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX passive income stock to look at is the HomeCo Daily Needs REIT. It could suit investors looking for a more defensive source of income.

HomeCo Daily Needs is a property company that owns neighbourhood retail, large-format retail, healthcare, and other assets linked to everyday spending.

Its tenants include supermarkets, pharmacies, childcare operators, healthcare providers, and other businesses that people continue using through different economic conditions. This can provide relatively dependable rental income.

I also like that the portfolio is focused on practical properties rather than relying heavily on offices or discretionary shopping centres.

Overall, this could make HomeCo Daily Needs REIT a solid option for investors wanting regular income from property.

Transurban Group (ASX: TCL)

Transurban is another ASX stock that could be well suited to passive income.

It owns and operates toll roads across Australia and North America, including important roads in Sydney, Melbourne, and Brisbane.

These are difficult assets to replicate. As cities grow and congestion increases, motorists can place significant value on roads that help them get around more quickly.

Transurban also benefits from toll increases built into many of its road concessions, which can help revenue grow over time and supports an attractive income profile for investors.

Another positive is the company has a long pipeline of infrastructure projects, which could allow cash flows and dividends to increase over the years.

For investors seeking passive income backed by large-scale infrastructure assets, Transurban could be worth a look.

The post 3 ASX passive income stocks to buy with $50,000 appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Accent Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. The Motley Fool Australia has recommended Accent Group and HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The ASX bank share sector is a very important segment of the S&P/ASX 200 Index (ASX: XJO).

There are a number of important businesses such as Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd (ASX: NAB), ANZ Group Holdings Ltd (ASX: ANZ), Macquarie Group Ltd (ASX: MQG) and Bendigo and Adelaide Bank Ltd (ASX: BEN).

How the big banks perform plays an essential role in the Australian economy and the ASX share market. A key question to me is – are they good value?

Fund manager Wilson Asset Management (WAM) has shared thoughts on major ASX bank shares in the context of the WAM Leaders Ltd (ASX: WLE) portfolio. WAM Leaders is a listed investment company (LIC) that looks to actively invest in large ASX shares at attractive valuations.

In its latest commentary about ASX shares, the WAM Leaders investment team talked about their view on the major ASX bank shares of CBA, Westpac, NAB and ANZ.

Do the big four ASX bank shares have a good outlook?

Following the end of reporting season, where CBA announced its FY26 result and the other big banks revealed quarterly updates, Wilson Asset Management said that the banks’ reports were broadly in line with expectations.

However, bank commentary pointed to a moderation in the outlook for credit growth as the housing market digests the impact of three rate hikes earlier in the year and recent federal budget changes.

The WAM Leaders investment team noted that revenue growth is also showing signs of slowing from the strong levels seen earlier in the cycle.

The LIC’s fund managers highlighted that business lending pipelines remain “relatively healthy”, but mortgage growth expectations have been revised to lower levels.

Are the valuations of ANZ, NAB, Westpac and CBA shares attractive?

The Wilson Asset Management team said that they remain underweight. This means having a smaller allocation to banks than the ASX 200 does, due to the more challenging outlook for credit growth, alongside increasing competition and signs of some deterioration the ASX bank shares’ asset (loan book) quality.

In terms of valuation, according to Commsec, the CBA share price is valued at 24x FY27’s estimated earnings. It trades with a higher price/earnings (P/E) ratio than many other Australian (and global) banks, though some of that premium could be justified by its impressive quality.

Turning to the other banks, based on the Commsec profit projection, the Westpac share price is valued at 16x FY27’s estimated earnings, the NAB share price is valued at 15x FY27’s estimated earnings and the ANZ share price is valued at 15x FY27’s estimated earnings.

Based on what the WAM investors said, there are better value opportunities out there than the major ASX bank shares.

The post Are NAB, ANZ, Westpac and CBA shares attractive buys right now? appeared first on The Motley Fool Australia.

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• $10,000 a year in passive income buying just $10k worth of ASX shares? Here’s how I’d go about it
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small gain. The benchmark index rose 5 points to 9,010.9 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 to edge lower

The Australian share market looks set for a subdued session on Tuesday following a soft night in Europe. According to the latest SPI futures, the ASX 200 is expected to open the day 4 points lower. Wall Street was closed for Labor Day, but in Europe the FTSE fell 0.1% and the DAX dropped 0.15%.

Shares going ex-dividend

Another group of ASX 200 shares will be going ex-dividend on Tuesday and could trade lower. This includes AUB Group Ltd (ASX: AUB), BlueScope Steel Ltd (ASX: BSL), Mineral Resources Ltd (ASX: MIN), News Corporation (ASX: NWS), and Smartgroup Corporation Ltd (ASX: SIQ). Mineral Resources will be rewarding its shareholders with a fully franked 83 cents per share dividend on 30 September.

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session on Tuesday after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 1.3% to US$92.70 a barrel and the Brent crude oil price is up 1.1% to US$97.314 a barrel. This was driven by a further escalation in US-Iran hostilities.

Gold price softens

ASX 200 gold shares Genesis Minerals Ltd (ASX: GMD) and Capricorn Metals Ltd (ASX: CMM) could have a soft session after the gold price dropped overnight. According to CNBC, the gold futures price is down 0.55% to US$4,452 an ounce. The precious metal has come under pressure due to increasing US rate hike bets.

Buy Select Harvests shares

Select Harvests Ltd (ASX: SHV) shares could be undervalued according to analysts at Bell Potter. This morning, the broker has retained its buy rating on the almond producer’s shares with an improved price target of $6.05 (from $5.30). It said: “Almond prices are strengthening and the SHV share price has lagged this move, continuing to trade below its market backed asset value of ~$5.30ps. At spot almond price levels, we would estimate FY27e EPS in a range of 53-72¢ps based on production guidance comparable to FY26e (i.e. 28,000-31,000kt), a level materially higher than the current consensus EPS level of ~37¢ps.”

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

More reading

• Are NAB, ANZ, Westpac and CBA shares attractive buys right now?
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• Here are the top 10 ASX 200 shares today
• What’s keeping the ASX 200 in the green today?
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aub Group and Smartgroup. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.