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ABC Will Hodgman's Liberals have won 14 seats in the 25-seat Tasmanian parliament.

Tasmanian Liberal leader Will Hodgman has won the state election, ending 16 years in Opposition.

With 80 per cent of the vote counted, the Liberal Party has won more than half the vote and is set to take majority government with 14 seats in the 25-seat Parliament.

It is the Liberals' best ever electoral result.

Mr Hodgman has also broken the hex of being the country's longest-serving Opposition Leader and will be the state's next Premier.

The Tasmanian Liberal Party stormed into power, posting its best electoral result in 60 years.

It is shaping as a comfortable victory for the leader who campaigned on returning the state to a majority government after four years of a Labor-Green minority.

There has been a swing against the Labor Party in all five seats, making it the worst election result for the party in six decades.

The Liberals look set to pick up an extra seat in every electorate except Denison.

ABC analyst Antony Green says Labor has won six seats and the Greens two, with three seats still undecided.

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Tasmania votes: Liberals sweep to power, ending 16 years of Labor rule