Investigators are also looking into a possible link between the home invasion and a number of stabbings in Fortitude Valley on Saturday night.
According to police, the victims were believed to have been targeted for their belongings in the early hours of Saturday morning.
A 21-year-old man was allegedly confronted by five people on Constance Street and stabbed in the abdomen before his necklace was stolen.
The man made it to a nearby police station before being transported to hospital to be treated for a stab wound to the back and a collapsed lung.
Two other people were also stabbed in separate instances around the same area.
Police arrested a 17-year-old boy a short time later.
Subscribe to The Briefing, Australia’s fastest-growing news podcast on Listnr today. The Briefing serves up the latest news headlines and a deep dive into a topic affecting you. All in under 20 minutes.