Although the Australian share market has been quite volatile over the past couple of weeks, finding shares at bargain prices hasn’t been so easy.

Many of the best quality shares like Ramsay Health Care Limited (ASX: RHC), Corporate Travel Management Ltd (ASX: CTD) and Transurban Group (ASX: TCL) have experienced some share price falls, but I don’t think they could be considered outright bargains just yet.

With that said, there a number of shares that I think could offer pretty good value for investors who want to put some spare cash to work right away.

So here is how I would invest $7,000 today:

Macquarie Group Ltd (ASX: MQG)$3,000

Trump’s victory has significantly improved the outlook for the US financial sector and global investment companies like Macquarie. The prospect of higher interest rates and relaxed regulatory rules should help to boost operating margins and reduce compliance costs. The shares have significantly outperformed the broader market over the past six months, yet still trade on an attractive earnings multiple of just 13.5x. Investors also get the added benefit of a healthy dividend yield of nearly 5%.

Retail Food Group Limited (ASX: RFG)$2,500

Retail Food Group has been one of the best-performing small-cap shares over the past year and it appears some investors have decided to lock in profits recently. This has seen the shares fall around 17% from their recent 52-week highs. Despite this, the positive outlook for the company remains unchanged and investors now have the opportunity to pick up the shares at a discounted price. The dividend yield is also now approaching 5%, and this should be a tempting entry point for investors looking to grow their dividend income over time.

Vita Group Limited (ASX: VTG) $1,500

Vita Group shares have been absolutely hammered on the back of speculation that the company’s negotiations with Telstra Corporation Ltd (ASX: TLS) could result in a deal that will put a stop to its impressive growth trajectory. While there is still uncertainty surrounding the negotiations at present, I think the current risk-reward equation is now attractive enough to warrant a small holding as part of a well-diversified portfolio.

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Motley Fool contributor Christopher Georges owns shares of Macquarie Group Limited and Retail Food Group Limited. The Motley Fool Australia owns shares of Corporate Travel Management Limited and Retail Food Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.