Four men armed with a rifle, machete and baton have smashed their way into a Melton South home in a terrifying aggravated burglary.

• Scroll down for footage of the terrifying incident

The men forced entry into the home on Fraser Street at about 4am on Monday April 24.

Press PLAY below for more information from police

Shot were fired and the men made demands for a safe, drugs and cash, before assaulting a man and two women who lived at the property.

A 31-year-old man was taken to hospital with a significant knife wound on his face, while a 44-year-old woman and a 67-year-old woman suffered minor injuries.

The men stole jewellery and a white Volkswagen Polo.

Police believe the violent incident was targeted.

Press PLAY blow to see footage of the violent aggravated burglary

Anyone with information is urged to contact Crime Stoppers on 1800 333 000 or at crimestoppersvic.com.au