The teenage driver of the car remains in hospital after he was impaled on a metal fence in Jackson Street, Long Gully Saturday morning.

The home-owner, who asked not to be identified, said he was away at the time and returned on Sunday to find the wreckage on his front lawn.

"I'm glad I wasn't there at the time," he said.

"I usually have my car parked there in the yard right where it's come through so it could have been bad there.

"I just hope the boy is alright. I hope he's learnt a bit of a lesson."

The man said the intersections around Jackson Street and Eaglehawk Road, and nearby Philpot Street, were a traffic hazard.

"There's always people speeding around the corner at all house of the day," he said.

"They treat it like a racetrack."

He said he has been living there for three years and the amount of dangerous driving had gotten worse.

"You get people trying to bypass a median strip and turn right (into Philpot Street). It's an accident waiting to happen."

"But it's more the speeding drivers that come from Eaglehawk Road that are worrying. People do some stupid things."

UPDATE 9.45PM SATURDAY: Police have confirmed speed was a factor in the crash that left a teenager in a serious but stable condition.

Bendigo Police acting sergeant Shannon Joyce said alcohol was also a possible factor.

"He was travelling on Eaglehawk Road around 1am, he has turned left into Jackson Street and lost control.

"He hit the central traffic island which has forced the vehicle onto the far left.

"He mounted the curb at the intersection with Philpot Street and followed the fence line between two houses and landed against the retaining wall.

"He travelled a distance of 40 metres along the fence.

"A 76mm steel pole has impaled him through the stomach.

"He was not wearing a seat belt at the time.

"Speed was a factor and alcohol was also a possible factor although this has not been confirmed." 

The teenager remains in a serious but stable condition.

UPDATE 8.30PM SATURDAY: A spokesperson for the Alfred Hospital has confirmed the teenager is in a serious but stable condition.

UPDATE 10.15am: A TEENAGER is in a critical condition after a crash in Long Gully Saturday morning.

The 19-year-old has been transferred from Bendigo Health to the Alfred Hospital in a critical but stable condition.

Earlier: A driver sustained life threatening injuries after he was impaled by a metal fence when his car crashed at Long Gully Saturday morning. 

Police believe a Toyota ute was travelling north on Eaglehawk Road just before 1am when the male driver and sole occupant turned left into Jackson Street and lost control.

The car is believed to have struck a median strip and crashed into a metal fence, which went through the front of the car and impaled the driver.

The 19-year-old has been taken to Bendigo Health with life threatening injuries.

Police are appealing for witnesses and anyone with information about the collision is urged to contact Crime Stoppers on 1800 333 000