Harris and Wood Real Estate agent Matthew Wood said he had a bumper month of sales at the city's Hopkins Heights development.

"You would think the coronavirus would have a negative impact on sales but we've probably had our strongest month," Mr Wood said.

"We've sold nine blocks already (this month)."

Mr Wood said about 100 of the 420 lots in the development had been put on the market and about a third had already been snapped up.

He said buyers were impressed by the unique housing estate, which offered plenty of shared parks, shared spaces to enjoy the river and ocean views, a coffee and wine bar in the village hub, cycling tracks, facilities to enjoy fishing and canoeing and a virtual community portal to allow residents to connect with their neighbours.

Mr Wood said there was also steady demand for blocks in the Logans Beach Coastal Village.

He said he hoped the federal government would support a push by the Property Council to offer a $50,000 incentive to people building a new home.

The council has proposed the cash should be offered to the first 50,000 people who apply for it, which would give the housing industry a boost.

"Housing construction risks being a drag on economic recovery, not a driver of it," the council stated.

"While industry, governments and workers have ensured that current construction projects have continued, the pipeline beyond this is dwindling alarmingly."

The council warned demand for new housing was set to "fall off a cliff" due to the coronavirus outbreak.

The proposed scheme would require around $2.5 billion of government funding, and would be limited to the first 50,000 purchases.

Mr Wood said this would be a great initiative and would help support a number of industries.

"In 23 years in the industry I've never seen a grant that is potentially open to everyone," he said.

Land in Warrnambool development manager Sam Stevens said he had also remained busy in recent months.

He said land was selling quickly in the Northern Edge development on Wangoom Road.

Mr Stevens said the 480 lot development was being released in stages.

"We've sold out of stage one and and we've almost sold out of stage two," he said.

Mr Stevens said only three titled blocks remained up for grabs at the Wollaston Way development.

Listen to the latest episode of our weekly episode The Booletin and Beyond:

Have you signed up to The Standard's daily newsletter and breaking news emails? You can register below and make sure you are up to date with everything that's happening in the south-west.