Dramatic chase in Melbourne ends with man arrested

A man has been taken into custody after leading police on a dramatic chase through Melbourne's bayside suburbs, ramming several cars before storming into a unit complex.

The alleged crime spree started in St Kilda, were police say they spotted the 44-year-old man driving erratically in a stolen Audi sedan about 11.40am.

Police attempted to intercept the Audi, which allegedly rammed two police vehicles then fled the scene.

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Police pursued that car, which was eventually found dumped in Elwood.

It's alleged the man then carjacked at knife point a Volvo driver, before driving to Brighton East and dumping the vehicle.

Police said the man entered a property on Davies Street and threatened a resident with an edged weapon, before being chased from the property by the resident.

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The man then entered a property on Cluden Street around 1.30pm.

After negotiating, police stormed the block of units and the man was placed onto a stretcher and taken to hospital.

The 44-year-old Melton man is assisting police with their enquiries.