Stonnington Crime Investigation Unit detectives are appealing for assistance following an aggravated burglary in Malvern East.
Investigators have been told offenders have entered a house on Ferncroft Avenue around 3.30am on 7 November.
There were five occupants, ranging in age from 19 to 56, asleep inside the home as the offenders stole several watches, a wallet, jewellery and car keys.
One of the occupants woke up and found one of the offenders sitting in his vehicle and one standing near it.
The occupant approached the offenders who then ran off.
A third offender appeared and confronted the male occupant and his daughters who retreated into the house.
The offenders then stole the BMW, colliding with a fence on the way out.
The stolen car was dumped about 200 meters down the road and all offenders got into a silver Toyota with stolen number plates.
The victims bank card was used a short time later at a drive thru restaurant in Langwarrin.
Investigators have released images of one of the males they believe may be able to assist with their enquiries.
Anyone who witnessed the incident, with footage or further information is asked to contact Crime Stoppers on 1800 333 000 or visit www.crimestoppersvic.com.au