Police and paramedics were called to an address just after midnight today in relation to the incident.

Three men and two women are assisting police with their inquiries. 

Police said it appeared the victims were assaulted by a group known to them.

Paramedics said a man in his 40s was taken to Ballarat hospital in a stable condition with injuries to an arm.

Investigators have appealed for anyone with information to contact Crime Stoppers on 1800 333 000. 

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