New modelling developed by Australian scientists has found the death rate from coronavirus has now likely peaked and will not reach more than a few hundred at most.

The team from QUT has developed a model using global data on the coronavirus to track the rate of deaths from the disease.

Many of Australia's COVID-19 cases and deaths originated from the Ruby Princess cruise ship. Credit:NSW Health

Project lead Professor Dan Nicolau said the death rate for the disease actually follows a predictable pattern, making their modelling more reliable than models that were hastily developed as the pandemic was exploding.

"If the ratio of people who are sick versus the number of people who have recovered from the disease is going up it means more people are getting sick than are recovering from the disease, and if it’s going down it’s the opposite," he said.