The 15-year-old teenager faced a Children's Court on Wednesday when he applied for bail over the alleged driving ordeal in the early hours of Tuesday.

The police informant told the court she had viewed the teenager's mobile phone overnight and located a video showing the accused bragging about getting involved in a police chase.

She said when interviewed, the teenager admitted an aggravated burglary at a Talbot Street house while the owners slept at 1.45am, and theft of their 2017 Range Rover.

But she said he denied he drove the stolen vehicle, telling police he picked up an unknown male who tried to ram police.

The court was told the stolen vehicle was allegedly involved in erratic driving, and rammed a man's car, around the city in the early hours of the morning until 7.30am when it crashed into a fence near the corner of Mair and Dawson streets.

The police informant said as police transported a 14-year-old co-accused to the Ballarat Police Station, the 15-year-old driver allegedly drove at police, causing officers to avoid a collision three times.

"The accused missed the divisional van by 30 centimetres on the last occasion. Both members said they believed their lives were at risk," the informant said.

The magistrate said the teenager had shown compelling reasons why he should be bailed, but he posed a serious risk to community members due to his alleged driving behaviour.

He said because the teenager posed this risk, bail must be refused.

"He is of extreme risk to the community," the magistrate said.

"I think this sort of behaviour is exactly what the public is screaming at, at the moment."

"I can't go past the fact that the community is distraught when they pick up the newspaper or turn on the TV that someone has been in a house ... picked up car keys and smashed the car," the magistrate said.

"These people don't recover overnight."

The teenager's lawyer said bail conditions could be put in place to alleviate the risks posed by her client, including a curfew and reporting to police.

She said the teenager was aware of the seriousness of the alleged offending and its impact on the community.

The court was told the teenager had attended school twice in 18 days and had not lived with his mother, who was in court, since he was aged two.

The police prosecutor said with children charged with serious offences, the reality was it came back to the risk posed to the community.

The teenager was remanded in custody to reappear in a Children's Court later this month.

The 14-year-old co-accused was bailed from a Children's Court on Tuesday, while the 16-year-old girl was bailed from a police station.