diff --git a/build/templates/UmbracoPackage/.template.config/template.json b/build/templates/UmbracoPackage/.template.config/template.json
index 082f9301bf..74de126429 100644
--- a/build/templates/UmbracoPackage/.template.config/template.json
+++ b/build/templates/UmbracoPackage/.template.config/template.json
@@ -24,7 +24,7 @@
         "version": {
             "type": "parameter",
             "datatype": "string",
-            "defaultValue": "9.4.0-rc",
+            "defaultValue": "9.5.0-rc",
             "description": "The version of Umbraco to load using NuGet",
             "replaces": "UMBRACO_VERSION_FROM_TEMPLATE"
         },
diff --git a/build/templates/UmbracoProject/.template.config/template.json b/build/templates/UmbracoProject/.template.config/template.json
index 810940c4eb..cd8347e206 100644
--- a/build/templates/UmbracoProject/.template.config/template.json
+++ b/build/templates/UmbracoProject/.template.config/template.json
@@ -57,7 +57,7 @@
         "version": {
             "type": "parameter",
             "datatype": "string",
-            "defaultValue": "9.4.0-rc",
+            "defaultValue": "9.5.0-rc",
             "description": "The version of Umbraco to load using NuGet",
             "replaces": "UMBRACO_VERSION_FROM_TEMPLATE"
         },
diff --git a/src/Directory.Build.props b/src/Directory.Build.props
index 68962caef4..d7161acb1f 100644
--- a/src/Directory.Build.props
+++ b/src/Directory.Build.props
@@ -3,10 +3,10 @@
   <Import Project="$([MSBuild]::GetPathOfFileAbove('Directory.Build.props', '$(MSBuildThisFileDirectory)../'))" />
 
   <PropertyGroup>
-    <Version>9.4.0</Version>
-    <AssemblyVersion>9.4.0</AssemblyVersion>
-    <InformationalVersion>9.4.0-rc</InformationalVersion>
-    <FileVersion>9.4.0</FileVersion>
+    <Version>9.5.0</Version>
+    <AssemblyVersion>9.5.0</AssemblyVersion>
+    <InformationalVersion>9.5.0-rc</InformationalVersion>
+    <FileVersion>9.5.0</FileVersion>
     <LangVersion Condition="'$(LangVersion)' == ''">9.0</LangVersion>
     <NeutralLanguage>en-US</NeutralLanguage>
     <Company>Umbraco CMS</Company>