The article discusses the University of Melbourne's bold new vision outlined in the "Growing Esteem" strategy paper. Key points of the vision include introducing more graduate programs to have one-third of enrolments be postgraduate, aligning more with European and American university models. The strategy embraces a "triple helix" of tightly bound research, teaching, and knowledge transfer. The Woodheap building project at Trinity College is also discussed, which will provide new residential accommodation for students and visiting scholars.