It has been a while since I created a new project with Laravel framework. Decided to install a fresh project so opened up V7 documentation at Install Via Composer Create-Project.
First updated my global Composer installation to the newest version: composer self-update
Then ran installation with composer create-project as exampled in the docs: composer create-project --prefer-dist laravel/laravel myproject
After installation went into the directory to check Laravel's version: cd myproject && php laravel -V
Much to my surprise it had installed a much older version: Laravel Framework 5.8.37
Expected to get the newest version... Why did it install an older version, and how do I upgrade or instruct the create-project command to use the newest version?