Police said they had been told unknown people forced entry to a house on Vista Grove in Toorak just after 6am.
Once inside they allegedly stole car keys and a grey 2021 Mercedes sedan, according to police.
The stolen Mercedes was followed by police and Police Airwing.
Stop sticks were deployed before the car was dumped on the corner of Huntingdale Rd and Oak Park Dve in Mount Waverley about 8.30am, police said.
Four males were arrested nearby.
A 14-year-old Mooroopna boy has been charged with aggravated burglary, two counts of theft of a motor vehicle and theft.
He has been bailed to appear at a children’s court at a later date.
Three other teens have been remanded in custody to appear at a children’s court at a later date.
A 16-year-old Mooroopna boy has been charged with 17 offences including aggravated burglary, theft of a motor vehicle, reckless conduct endangering life and dangerous or negligent driving while pursued by police.
A 15-year-old Mooroopna boy has been charged with 15 offences including aggravated burglary, theft of a motor vehicle, theft and committing indictable offence while on bail.
A 14-year-old Mornington boy has been charged with eight offences including aggravated burglary, theft of motor vehicle and commit indictable offence while on bail.
Any witnesses or anyone with dash-cam footage is urged to contact Crime Stoppers on 1800 333 000 or www.crimestoppersvic.com.au
