The land was granted to new settlers, and the town is now a major agricultural centre, with a large number of farms of all types in the area.

[5] While Deloraine is a predominantly rural farming town, it is also aimed at pleasing tourists, who visit because of its culture and location also serving as a base to explore areas such as Cradle Mountain, the Great Western Tiers, Mole Creek and the Central Highlands.

[6] The town currently operates two sawmills previously owned by Gunns[7] as well as facilities that manufacture fertiliser, farm equipment, water tanks and street signs.

Most local infrastructure and commercial buildings such as supermarkets, shops, schools, bus routes are also used by the nearby town of Westbury, and the hamlets of Exton, Mole Creek and Meander.

Deloraine was one of the first trial towns in Australia to be connected to the fibre optic National Broadband Network (colloquially 'NBN').

One of the earliest railway lines in Tasmania was built between Launceston and Deloraine in 1871 to ship agricultural products into the city.

Both the Meander River and a railway track that runs through the town from north Devonport through Deloraine and into Launceston and Central Tasmania.