Starring Tasmanian-born actor and comedian Luke McGregor as Daniel, the show revolves around a small town family real estate business.

The popular Logie-winning program has received a boost from the Tasmanian government, with $500,000 being invested through Screen Tasmania toward the production of the new season.

In a joint statement, co-creators and stars McGregor and Celia Pacquola (who plays Emma) said the latest news was "really exciting for us and it hasn't quite sunk in yet".

"In 2015 we knew we wanted to make a TV show, but we had no idea what to write about, and we were extremely worried no-one would want to watch whatever we came up with," the pair said.

"Now we're getting to make a fifth season, we will allow our very self-deprecating comedian brains to feel a tiny amount of pride that we've made a good thing.

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"But having written that, we already feel arrogant so we take it back and apologise for getting a big head there for a second.

"Thank you to everyone who helped us get here, and a huge thank you to Tasmania for being such an awesome state to film in - from the amazing crew and actors we've found here, to the beautiful locations and local cuisine we get to eat on the weekends - we wouldn't want to film anywhere else."

Arts Minister Elise Archer said Rosehaven had "charmed audiences across the country since its debut in 2016" and had since gone on to become one of the ABC's highest-rating series.

"To date, the Tasmanian government has now invested a total of $2.45 million in all five seasons of Rosehaven, and about 500 Tasmanian cast and crew have found work on the show," she said.

"In addition, 36 emerging Tasmanian screen practitioners have also gained valuable experience and skills working on the production through training attachments.

"Season five of Rosehaven will be in production for seven weeks across Southern Tasmania, employing over 70 Tasmanian cast and crew members, and is expected to generate over $2 million in the local economy."