A second man has been arrested after a Geelong property was sprayed with bullets this morning.

Police say the shots were fired from a silver Holden Commodore into the home on Woodvale Court, Bell Park, about 10am.

Bullet holes in the Geelong homeowner's vehicle. (Nine/Supplied)

It is believed the homeowner then stepped outside the property with a gun and opened fire with what is believed to have been a semi-automatic weapon, before the sedan fled the scene.

No-one was injured in the incident, Geelong Superintendent Craig Gillard said.

“It’s incredibly concerning to think that people, in broad daylight, would take action such as that,” Supt. Gillard said.

Police at the scene in Geelong this morning. (9news)

“It’s a serious crime that has been committed, and people inside the home were at risk.

“It’s quite possible we could’ve had a terrifying outcome.”

One of the two men believed to have been travelling in the Holden was arrested just before 6pm.

Members of the public have been urged to avoid the scene in Bell Park. (9news)

Earlier today the homeowner, who is known to police, was arrested and remains in custody.

Charges are yet to be laid.

The search is ongoing for the second person who was inside the silver Commodore, which was last seen leaving Woodvale Court.

The incident marks the fifth shooting in Melbourne since Friday.

Detectives do not believe any of the shootings are linked, but have said probing the spate of gun-related violence is an "absolute priority" for them.

Last night the uncle of Ali Ali, one of two men gunned down in Meadow Heights, spoke exclusively to 9News.

Anyone with information is urged to contact Crime Stoppers on 1800 333 000