Hobart (UK: /ˈhoʊbɑrt/) is the capital and most populous city of the Australian island state of Tasmania. Founded in 1804 as a penal colony, Hobart is Australia's second oldest capital city after Sydney, New South Wales. The city is located in the state's south-east on the estuary of the Derwent River, making it the most southern of Australia's capital cities and its harbour forms the second-deepest natural port in the world.In June 2013, the city had a greater area population of approximately 217,973. Its skyline is dominated by the 1,271-metre (4,170 ft) Mount Wellington, and much of the city's waterfront consists of reclaimed land. It is the financial and administrative heart of Tasmania, serving as the home port for both Australian and French Antarctic operations and acting as a major tourist hub, with over 1.192 million visitors in 2011/2012. The metropolitan area is often referred to as Greater Hobart, to differentiate it from the City of Hobart, one of the five local government areas that cover the city.