Three people are in custody following an aggravated burglary in New Town today.

Police responded to a report of an aggravated burglary of a home on Boa Vista Road, North Hobart, shortly after 11am today.

The police helicopter was deployed in support, and a timely and coordinated police response resulted in three people being arrested near the scene, including two youths, about 12.30pm.

Investigations are continuing and police are continuing their search for a fourth alleged offender.

He is described as being about 25 years of age, 180cm tall, wearing all black with a hood over his head.

Anyone with information should contact Hobart CIB on 131444 or report anonymously to Crime Stoppers on 1800 333 000 or crimestopperstas.com.au