August could be a good time to put fresh money to work on the ASX.
But which ASX shares could be top buys?
Here are three I would consider buying with $25,000.
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Breville Group Ltd (ASX: BRG)
I think Breville could be an ASX share to buy. It sells premium kitchen appliances across categories such as coffee machines, cooking products, food preparation, and other household equipment.
But the coffee opportunity is the part that stands out most to me.
Coffee is not just another appliance category. It is a daily habit, a household ritual, and a product area where consumers are often willing to pay for quality.
That gives Breville a strong position if more people around the world decide to upgrade their at-home coffee setup.
The company has already shown that its brand can be a success beyond Australia. The long-term opportunity is to keep building that brand across larger international markets, while selling products that sit in premium parts of the kitchen.
Consumer spending can be up and down, particularly for higher-priced appliances. But Breville's design quality, brand strength, and global coffee opportunity could make it a strong long-term compounder.
Goodman Group (ASX: GMG)
I would also consider Goodman. It has long been one of the ASX's highest-quality property groups, with a strong global industrial property business.
Its warehouses and logistics assets support ecommerce, supply chains, and businesses that need well-located space close to customers, labour, transport routes, and power.
But the investment case has become more interesting because of data centres.
Artificial intelligence is creating enormous demand for computing capacity. That demand needs physical infrastructure, and Goodman is well placed because it already understands land, development, customers, planning, power constraints, and large-scale industrial assets.
This does not mean Goodman is only a data centre story. The existing industrial property business remains a major strength.
I think the appeal here is that the company has a proven platform that can now be applied to one of the biggest infrastructure themes in history.
Xero Ltd (ASX: XRO)
Xero is a final ASX share that I would consider buying with the $25,000. It provides cloud accounting software for small businesses, accountants, and bookkeepers.
Its platform covers areas such as invoicing, payroll, reporting, bank feeds, payments, compliance, and adviser workflows.
That is important when thinking about artificial intelligence. AI may change how accounting work is done, but Xero is not a narrow tool that can be easily replaced by one feature.
It is a platform sitting across many parts of small business financial administration.
The US opportunity also looks attractive. Xero has already built strong positions in Australia, New Zealand, and the United Kingdom, but the US market is much larger and still offers room for a serious challenger to win share over the next decade.
Its shares can be volatile because expectations are high. But if Xero keeps expanding its platform and building momentum in the United States, it could remain one of the ASX's standout long-term growth shares.
