Westgate Divisional Response Unit detectives are investigating a home invasion in Truganina last month.
It is understood four unknown male offenders gained access to a property on Fiore Way about 9pm on Tuesday, 11 August.
Once inside the property, the offenders confronted two occupants in a hallway.
One resident, a 35-year-old man, was threatened with a machete while demands were made for cash.
He sustained non-life-threatening injuries.
The second occupant, a 40-year-old woman, was not physically injured during the incident.
The group rummaged through a number of rooms, before fleeing the scene with multiple pieces of gold jewellery.
It is understood the group arrived and left in a silver Holden Commodore.
Despite a thorough search of the area, the offenders were not located.
Detectives have released CCTV of a silver/grey Holden Commodore and multiple offenders dressed in black to assist with their investigation.
The investigation remains ongoing.
Anyone who witnessed the incident or with information is urged to call Crime Stoppers on 1800 333 000 or submit a confidential report to www.crimestoppersvic.com.au.