3 growth shares I want to buy

These 3 growth shares look really attractive to me.

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The share market is full of many wonderful businesses that would be good in any portfolio.

Businesses usually have to grow the bottom line at a good rate to beat the market consistently for several years.

Here are three shares that I really want to add to my portfolio:

Costa Group Holdings Ltd (ASX: CGC)

Costa is one of Australia's largest growers of fresh food. Its produce includes tomatoes, berries, citrus fruit, mushrooms and avocadoes.

I have been impressed by the company's global growth goals and its ability to grow the bottom line.

There is a lot of power in the producer's hands and Costa can tap into the growing trend of Australians eating healthier.

Costa is currently trading at 29x FY17's earnings with a fully franked dividend yield of 2.08%.

REA Group Limited (ASX: REA)

REA Group is the owner of Australia's leading property website.

Property is a key asset class and I think it's important to have some exposure to it. However, rather than buying an investment property I think a smarter way is to invest in REA Group shares.

Its global presence gives the business many avenues for growth and there are many more countries it can expand into.

REA Group is trading at 32x FY18's estimated earnings with a fully franked dividend yield of 1.35%.

a2 Milk Company Ltd (Australia) (ASX: A2M)

A2 has been one of the star stocks over the past two years.

Its unique selling point is clearly winning over a lot of customers in Australia, New Zealand and further afield.

It has successfully managed to carve out a quality segment in basic staples, which is an impressive achievement.

I wouldn't be surprised to see the business achieve more stunning success over the next few years as its economies of scale help margins grow.

A2 is currently trading at 32x FY18's estimated earnings.

Foolish takeaway

All three businesses should do great going forwards, which is why I want to buy them.

However, the reason I haven't already bought them is that they are all trading quite expensively. I have no control over what the share prices will do, but hopefully they become cheaper and I can buy a slice.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk. 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.

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