Canadian Springs Drive residents Les and Dianne Sealey were woken on Friday night by a screeching noise and headlights coming through the window of their bedroom.
The couple and their four children were in their beds when an-out-of control car mounted the nature strip, flattened a gum tree and crashed into their pergola, a metre from their bedroom windows.
Ms Sealey said the driver audaciously asked: 'what about my car, mate?' before leaving the scene.
"If (the car) hadn't hit that tree we could be reporting a different story today - we would have had a car in our house," she said.
"I don't know if we feel like the unluckiest people today or the luckiest."
Police were today searching for the driver who fled on foot.
Ballarat police acting sergeant Daniel Grainger said a car was travelling west in Bennett Street at 11.15pm when it lost control and mounted the kerb.
Police were still looking for the driver and no charges had been laid, he said.
Mr Sealey said there were two occupants in the Commodore, which brought an entire gum tree crashing down. When he looked out the window he saw the driver unsuccessfully trying to to reverse.
"I was in bed and you could hear the burn out," Mr Sealey said.
"All you've got is headlights coming through the front window. I came out and they were still sitting in the car."
For the family the incident came as a shock but not surprise.
Ms Sealey said they moved into the street in January 2012 attracted by the peaceful bush setting, only to see it develop into a hoon area in the past 18 months.
She became terrified their corner property would become a launching pad for a car.
"My partner and I will be contacting Ballarat City Council because we need some sort of action out here - action to put in speed signs and speed bumps to slow the drivers down," Ms Sealey said.
"We've just been waiting for something to happen and now it has."