Police are continuing to search for a man allegedly responsible for a murder and wounding incident on Prossers Forest Road at Ravenswood around 3.30am this morning. 

The Westpac Rescue Helicopter has been deployed to the area to assist with the search. 

The alleged offender was known to the victims, and he is not believed to be a threat to the wider community.  

A woman, aged in her 30s, who sustained stab wounds remains in the Launceston General Hospital in a critical condition. 

Police can advise the man who died at the scene was aged in his 30s. 

The two teenagers who were at the property at the time are in the care of others and are receiving support services.