A Holden Commodore wagon which disappeared from Kiama on Monday was discovered by Wollongong and Lake Illawarra police at a unit complex on New Dapto Road around 3pm.

A 19-year-old man and two 16-year-old boys were arrested at the scene. A 22-year-old female was arrested nearby.

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They were taken back to Wollongong police station for questioning.

Lake Illawarra Chief Inspector Craig Ireland said officers were investigating any links to an alleged car-jacking on Daintree Avenue in Albion Park the night before.

A woman in her 70's was approached by a man to "get out of the car", he said, but the woman screamed and the perpetrator ran off.

"We'll see if there's a link or anyone matches the description given," Chief Inspector Ireland said.

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