This document discusses the current state and future direction of software engineering (SE) research in Australia and New Zealand. It provides data on submissions and participation from these countries to the International Conference on Software Engineering (ICSE). It then suggests developing a clear vision and strategy to guide SE research in the region, working as a collaborative team across institutions rather than as individuals, nurturing emerging researchers, thinking globally, and working across disciplines. Specific recommendations include defining SMART objectives, holding workshops, submitting more proposals, citing each other's work, establishing PhD and mentoring networks, and targeting top international conferences. The overarching goal is to strengthen the base of SE research in Australasia.