Four people are in custody after police chased two allegedly stolen luxury cars through the streets of the Gold Coast. 

Police spotted and begun following a Maserati SUV after it was allegedly stolen from a Broadbeach Waters home at 1pm.

The car mounted a median strip at Nerang, which officers used as an opportunity to swarm the vehicle and drag out two youths.

Police chase Nerang, Gold Coast
The Maserati SUV mounted a median strip in Nerang. (Nine)

The pair were arrested and taken into custody. 

Shortly later and further north, a second luxury car was allegedly stolen. 

Police begun tracking a black Porsche Macan through Arundel on the M1, where it allegedly weaved in and out of traffic.

The car also allegedly swerved into emergency lanes and sped through traffic before it made a wrong turn into a cul-de-sac.

Police chase Arundel, Gold Coast
Two were arrested after a Porsche made a wrong turn. (Nine)

The driver and passenger allegedly hopped out the car but police arrested the pair.

They were also taken into custody as police investigate both incidents.

9News understands police are searching for anyone else potentially involved. 

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