Sandy Bay is a suburb of the city of Hobart, Tasmania, Australia. It is immediately south of the CBD. It is in the local government area of City of Hobart.

The area is generally known as one of the city's more prestigious suburbs, with many large and extravagant homes and apartment blocks. It adjoins the waterfront Salamanca area as well as nearby prestige suburb of Battery Point . However, it is also the site of the Hobart campus of the University of Tasmania and The Hutchins School, and as a result has a large student population.

Sandy Bay is accessible via Sandy Bay Road, which runs from Davey Street in the city all the way to the Kingborough municipal boundary at Taroona when it becomes the Channel Highway . Before the construction of the Southern Outlet, the road was the primary route to and from Kingston. It is also accessible via Regent Street, which bypasses the shopping district and goes direct to the University.

Australia's first legal casino, Wrest Point Hotel Casino, was opened in 1973 at the site of the former Wrest Point Riviera hotel.

The part of Sandy Bay located at the far southern end is generally known as Lower Sandy Bay.