Because I have a higher than average tolerance for risk, I'm a big fan of growth shares and you'll find many in my portfolio.
Luckily for me the Australian share market is home to a large number of quality growth shares right now.
Three which I think could be in the buy zone are listed below:
Bravura Solutions Ltd (ASX: BVS)
This fast-growing provider of software solutions for the wealth management, life insurance, and funds administration industries is one of my favourite fintech shares on the Australian share market. In August Bravura posted a 27% increase in underlying net profit after tax to $27 million thanks largely to the ongoing success of its Sonata wealth management platform. During the 12 months Sonata revenue increased 32% to $122.5 million, equating to 55% of the company's total revenue. Due to the quality of the Sonata product, I believe it will continue to win a greater share of the addressable market and underpin the company's growth for some time to come.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Although this pizza chain operator's full year results were a touch disappointing, I feel confident that it is over the worst of its problems now. This could make it an opportune time to consider an investment if you're willing to hold onto its shares for the long-term. This is because I believe its shares could provide above-average returns in the future if management delivers on its plan to almost double its store network within the next seven years.
Webjet Limited (ASX: WEB)
My favourite travel share on the ASX would have to be this leading online travel agent. I believe Webjet is positioned perfectly to deliver strong long-term growth thanks to the shift to online booking, the inbound and outbound tourism boom, and the growing popularity of its numerous brands. These brands have outpaced industry growth significantly over the last few years and are tipped to continue doing so over the medium term.
