Footage captures dramatic moment police arrest teens in allegedly stolen Porsche

Police Air Wing footage has captured the moment six teens in an allegedly stolen car tried to run from officers after a high-speed police pursuit.

A teenage boy has been charged after six teenagers were arrested following the police pursuit across Melbourne's south-east overnight.

Police allegedly first spotted a stolen Porsche driving erratically along the Monash Freeway about 4.20am.

The six teens were allegedly packed into the luxury vehicle, with the driver allegedly clocking up speeds of 240 km/hr.

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Air Wing tracked the Porsche to Huntingfield Road in Toorak, where officers deployed stop sticks shortly after 5am.

The pursuit came to a halt in Queens Avenue in Caulfield East, with police quickly arresting the six teenagers.

"There was a ruckus outside, helicopters everywhere, shouting slamming doors and people running around," resident Gary Heath said.

"You wonder what their motive is... What they're doing in this neighbourhood. "

The alleged driver is a 16-year-old boy from Glen Iris, who was out on bail at the time.

He has been charged with a string of offences including theft of a motor vehicle, dangerous driving whilst pursued by police and burglary.

He was remanded and will return to court at the end of the month.

A 15-year-old Dingley Village boy was charged with theft of motor vehicle and will appear at a children's court at a later date.

Four girls, all aged 14, have been released with a caution.

Police believe the Porsche was stolen from a property in Kew East on October 29.

As much as 80 per cent of aggravated burglaries in the east and south-east are a result of people failing to lock their cars and doors, police said.