This is often the dilemma with the Anzacs. Do we keep developing them as a platform?
Sure, maybe we could take the 8 cell strike length VLS out, replace it with 2 x 8 cell self defence VLS, replace harpoon with NSM, ESSM II for it, towed array etc. Replace the 5" with the 76mm we have in storage. Give it a wiz bang towed array. But will it still be a viable platform in the 2030's and 2040's? How much will that cost in engineering, money, manpower, ship yard time etc. Ultimately, its still going to be a light frigate, and nothing is going to change that. As you upgrade them, they are out of service for that period as well. Do all of them need the upgrade.
Seems like that effort, money, time, ship yard capacity would be better focused on building a bigger hull, even if many of the systems are pulled through from the current Anzacs.
These ships are never going to be big enough to perform with TLAM, or BMD with SM-3/SM-6. A light frigate is never going to be able to perform missions of a destroyer, a ship with twice the volume.