A bizarre deep sea creature with bug eyes and dozens of needle-like teeth has been pulled ahsore - the second sea monster to appear in Australian waters in less than a week.

The outlandish creature was caught off the Victoria state coast by a fishing trawler, the South East Trawl Fishing Industry Association said.

Experts said the animal may be an Endo's Goosefish - Lophiodes endoi, also known by some people as 'monkfish' - is a deepwater member of the anglerfish family.

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The bizarre deep sea creature is the second in the past few weeks to be caught in Australian waters

A fisherman/trawler opens its large mouth to reveal a set of razor sharp needle-like teeth

Bearing a similar resemblance to the Devil himself: this is Endo's Goosefish (also known as monkfish)

Growing to 38cm, this species can be found around the south-eastern and western margins of Australia’s continental shelf in waters ranging from 275-500m deep.

Angler fishes possess some of the most impressive teeth and ensure that once prey enters their mouths, there is no chance of escape.

Growing to 38cm, this species can be found around the south-eastern and western margins of Australia's continental shelf in waters ranging from 275-500m deep

The fish face down reveals a flesh-toned back: Angler fishes possess some of the most impressive teeth and ensure that once prey enters their mouths, there is no chance of escape

Last week, another peculiar deep sea creature which looks like a cross between a crocodile and a dolphin washed ashore on the banks of an Australian lake.

Father Ethan Tipper snapped an image of the creature washed up off Lake Macquarie in NSW, before posting it online to see if anyone could identify it.

The image has divided social media with some claiming it is a large hairtail and others suggesting the snap has either been photoshopped or captured outside of Lake Macquarie.

Last week Ethan Tipper snapped a mysterious creature on Lake Macquarie, taking to social media to ask what it was

WHAT IS A PIKE EEL? They are native to Australia's east coast

Can travel 100 metres deep to feed

Known to grow up to 1.8 metres in length

Has an elongated body and long jaws

Has large pointed teeth on lower jaw and the roof of its mouth

Is nocturnal and difficult to catch

The are not poisonous to eat, and are often sold in southeast Asia Advertisement

But Australian Museum fish collector Mark McGrouther told Daily Mail Australia he suspects it is a pike eel, native to deep waters on the east coast of Australia.

‘This is the first time I have ever seen one of them in the flesh,' he said.

'I suspect it was caught and discarded by fisherman who got more than they bargained for when they tried to reel it in.’

The pike eel is known to thrash around violently once hooked, damaging fishing equipment and forcing fishermen to cut their lines.

Thei mage has divided social media with some claiming it is a large hairtail and others suggesting the image has been photoshopped

Australian Museum fish expert Mark McGrouther told Daily Mail Australia he suspects it was a pike eel (pictured) which can grow up to 1.8 metres in length

The pike eel has long slender jaws and large pointed teeth at the front of the lower jaw and on the roof of their mouth

He said it was unclear how large the creature in the image was, but that the photography may have made it appear it deceptively large.

‘They can grow up to 1.8 metres in length, but the angle of this photo makes it difficult to determine how large it is.’

The pike eel has an elongated body and slender jaws with razor sharp teeth on their lower jaw and the roof of their mouth.

They are nocturnal and known to travel as far as 100 metres deep in search of fish and crustaceans to feed on.

A group of fishermen pulled a terrifying prehistoric shark, known as the frill shark, from the water near Lakes Entrance in Victoria' last year

The sighting at Lake Macquarie comes after a group of fishermen pulled a Goblin shark from waters off the coast of New South Wales in January last year.

The species is elusive as it typically resides in waters near the ocean floor at around 1,200 metres below sea level.

Later that month Victorian fishermen pulled a terrifying frilled shark, named for its six pairs of frill-like gills along with its dorsal fins, from Lakes Entrance.

The shark's origin dates back 80 million years and it is only one of two species still alive from this period.