Frantic shoppers have been seen in a stampede for toilet paper in an early morning rush as coronavirus panic buying continues.

The flurry was filmed at Woolies in Revesby, in Sydney’s south west, where shoppers were seen scrambling to grab packs of toilet paper at 7am on Wednesday.

Watch the video above

It comes as Woolworths announced it is implementing a limit on how many toilet paper packs customers can purchase.

“Woolworths has today moved to apply a quantity limit on toilet paper packs to ensure more customers have access to the products,” the supermarket said in a statement on Wednesday.

The limit is at four packs of toilet paper per customer transaction.

It applies in-store and online.

“It will help shore up stock levels as suppliers ramp up local production and deliveries in response to higher than usual demand,” the supermarket said.

“Our teams are continuing to work hard on restocking stores with long-life food and groceries from our distribution centres.”

‘If you can afford it’

The frenzy doesn’t stop in-store.

An ad on Gumtree has priced an eight-roll pack of 3-ply Quilton toilet paper - which normally sells for $7.50 - at $1000.

“Extra soft toilet paper, highest quality and in very high demand. Only if you can afford it,” the ad says.

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It comes after a 24-roll pack of toilet paper was seen being advertised on Facebook Marketplace for $24,000.

More on 7NEWS.com.au

The rise in coronavirus cases has resulted in Australians panic buy essential items, including pasta, water bottles, flour, medical supplies and tinned foods.

As of Wednesday morning, there were 41 confirmed cases of the virus in Australia.

A fifteenth person was confirmed to have contracted the virus on Tuesday night, while Victoria confirmed its tenth case on Wednesday morning.