If you're a fan of buy and hold investing then you're in luck because I believe there are a large number of quality long-term investment options on the Australian share market right now.
Three top buy and hold investments that I would make today are listed below:
Altium Limited (ASX: ALU)
Altium is an electronic design software company which I believe has a very bright future ahead of it thanks to its exposure to the rapidly expanding Internet of Things (IoT) market. As the majority of connected IoT devices require printed circuit boards (PCB) inside them, I expect demand for the company's award-winning PCB design software will continue to grow at a strong rate for many years to come. In addition to this, the company's Octopart business has a significant opportunity in the electronic distribution and manufacturing market.
CSL Limited (ASX: CSL)
I think this global biotech company would be a great buy and hold investment option for Australian investors. Over the last decade the company has outperformed the market thanks to its successful R&D program which has led to the development of a portfolio of lucrative products. And with its R&D spend increasing and its pipeline of new products growing, I expect this trend to continue for many years to come. In FY 2019 management expects net profit after tax in the range of US$1,880 million to US$1,950 million, up 10% to 14% on FY 2018's underlying result.
REA Group Limited (ASX: REA)
This property listings company could be another great long term investment. I've been very impressed at the way REA Group has proven its doubters wrong this year by growing its earnings at an above-average rate despite the weakness in the housing market. In the first quarter of FY 2019 REA Group delivered a 17% increase in revenue to $221.9 million and a 23% lift in EBITDA to $130.9 million. This was driven by price changes, an improved product mix, and further depth penetration. I believe this demonstrates how robust its business model is and why it would be a great buy and hold option.