diff --git a/pom.xml b/pom.xml
index ca4dc823..bce89616 100644
--- a/pom.xml
+++ b/pom.xml
@@ -18,7 +18,7 @@
   <packaging>jar</packaging>
 
   <properties>
-    <sebserver-version>0.5.2-beta</sebserver-version>
+    <sebserver-version>0.5.3-beta</sebserver-version>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
     <project.reporting.outputEncoding>UTF-8</project.reporting.outputEncoding>
   </properties>
diff --git a/src/main/resources/config/application.properties b/src/main/resources/config/application.properties
index 03ada474..e9b27188 100644
--- a/src/main/resources/config/application.properties
+++ b/src/main/resources/config/application.properties
@@ -1,5 +1,6 @@
 spring.application.name=SEB Server
 spring.profiles.active=dev
+sebserver.version=0.5.3 beta
 
 ##########################################################
 ### Global Server Settings
@@ -56,7 +57,6 @@ sebserver.ssl.redirect.html.port=8080
 ### SEB Server Webservice configuration
 sebserver.test.property=This is the default/root configuration
 
-sebserver.version=0.5.2 beta
 sebserver.init.adminaccount.gen-on-init=true
 sebserver.init.organisation.name=ETHZ
 sebserver.init.adminaccount.username=super-admin