The pair was arrested on Forest Lake Boulevard in Forest Lake, the spokeswoman said. No charges have been laid at this stage. 5.41pm Police media is working to confirm reports that all three occupants of the stolen white BMW were arrested at Mount Ommaney Shopping Centre in Dandenong Road. Channel 10 has reported that the three alleged thieves are juveniles.

5.34pm There are unconfirmed reports the driver of the second stolen vehicle, a black BMW, is in custody after the car was dumped. Tony, the owner of the stolen white BMW X5 and black BMW Z4 coupe, watched the chase unfold live on TV, as media helicopters tracked the stolen luxury vehicles for police.

‘‘These guys [allegedly] did a sneak break and enter to my house while we were asleep and stole my wife’s handbag which had the car keys in there,’’ he told Channel 9. ‘‘We were none the wiser until the police came to our door at 4am and told us that they had been involved in an early morning chase with my BMW Z4. ‘‘My wife is pretty upset about her X5. It’s only a new car.’' 5.21pm At least one occupant of the stolen white BMW has been arrested and detained in a police car.

5.19pm It is understood the three occupants of the stolen white BMW have been arrested in the car park of Mount Ommaney Shopping Centre.

5.17pm There are unconfirmed reports that the driver of a stolen white BMW 4WD has been arrested inside the multi-level car park of Mount Ommaney Shopping Centre. 5.11pm It is understood police have deployed the dog squad. Officers are now on foot. The white 4WD is in the car park of Mount Ommaney Shopping Centre. 5.06pm The driver of a stolen BMW has just pulled into a shopping centre multi-level car park in Forest Lake. Police are now trying to corner him. 4.58pm The owner of the stolen cars, known only as Tony, has spoken via phone to Channel 9. He said the thieves broke into his Westlake home and stole his car keys and his two vehicles last night. The white 4WD is understood to have a full tank of diesel.

"I greatly appreciate being able to watch what's going on on TV to my beloved cars," he told Channel 9. "I'm glad the police are keeping their distance. "Maybe the police should invest in some BMW X5s - they seem to be doing the job." The police chase has now been ongoing for nearly two hours. It is now in Sumner in Brisbane's west. 4.44pm The black sedan is now leading the allegedly stolen white vehicle through the streets of Taringa and Oxley in Brisbane's west.

EARLIER: Police are currently in pursuit of a stolen luxury car in Brisbane. It is understood the car chase began in the suburb of Inala just after 3.30pm. The driver of the stolen BMW four-wheel-drive is understood to have run a red light and then continued to speed along Logan Road in Mt Gravatt and Old Cleveland Road in Carindale, before making a detour through the CBD and heading on to South Bank and West End. It is understood the driver has traversed the city's east, south and west. The white 4WD joined a stolen black BMW Z4 coupe about 4.30pm on Moggill Road at Toowoong.

The driver of the stolen white BMW X5 is believed to be wanted by officers of Taskforce Kilo Perpetual, which is dedicated to investigating a spate of robberies and ram-raids across southeast Queensland. The taskforce was created today following the dramatic arrest of four alleged gang members in Brisbane's north last night. Loading Media helicopters from Channels 7, 9 and 10 are tracking the vehicle for police. *CORRECTION: An earlier version of this story said police were pursuing a black BMW 4WD. The second stolen vehicle is a BMW Z4 coupe.