diff --git a/gradle.properties b/gradle.properties
index d92924c0ca9..6e58a6279b9 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,4 +1,4 @@
-version=0.4.8-SNAPSHOT
+version=0.5.0-SNAPSHOT
 opensearchVersion=2.0.1
 micronautVersion=3.4.1
 kafkaVersion=3.1.0