The Australian Defence Force (ADF) owned HMAS Moreton barracks site in Bulimba has finally gone on the market.

In 2015, the federal government confirmed the ADF would sell most of the Bulimba site and in February 2017, Brisbane City Council formally adopted a master plan to allow developers to buy the site and build up to five storeys.

A Defence spokesperson said the 20-hectare waterfront development opportunity will deliver housing, waterfront access, and improved community amenity for the Bulimba and Morningside communities.