Two men are in police custody after an 18-hour siege at a home in Nerang on the Gold Coast.
A Queensland Police Service spokeswoman said both men, who were on return-to-prison warrants, have now been arrested and police would revoke an emergency declaration for the area.
The men had been holed up with a handgun since 5pm yesterday, when officers arrived with the warrants.
Police sourced said one of the men was allegedly linked to bikie gangs and was suspected of having stolen a car from a northern Gold Coast parking lot last month.
The pair were persons of interest and were possibly connected to a drive-by shooting at the Arundel Police Beat on Monday morning and a random shooting through a car window at Coolangatta on Saturday, police sources said.
One of the men had allegedly cut off a GPS ankle tracking bracelet and had been on the run prior to being confronted by police, sources said.
The property, on Rimu Place, was not the pair's home and several people were inside at the time but had since left.
An emergency declaration was declared and an exclusion zone set up around surrounding streets.
An after-school program at St Brigid's Catholic primary school, a block away, went into lockdown as a precaution and remains closed today at the request of police.
Gold Coast Acting Chief Superintendent Geoff Sheldon earlier this morning said he was limited in what he could say as the men "could be listening in" to the radio.
"It's one of those things where a firearm is involved … if a firearm is involved, it doesn't just stop at the front fence.
"Any shot fired in any direction, by us and them, could easily land somewhere with tragic consequences.
'Wait it out'
Nerang resident Gregg Guyder had to spend the night in his car outside the police exclusion zone.
"I went out to get some groceries for the footy last night and when I come home, I couldn't get home," he said.
"So I've been in the gym twice.
"[My house] wouldn't be far away, maybe 400 metres. I live by myself.
"It was pretty chilly [in the car overnight], I've still got the engine going now."
He said police had told residents nothing, except that it was an unfolding emergency and they had to "wait it out".
Another resident, Robyn Baker, could not return home to her 87-year-old mother after work.
"She doesn't need to be left by herself for that long," Ms Baker said, of her mum.
"I'm just worried about her being there on her own."
The exclusion zone included Riverpark Drive to the west, McLaren Road to the north and to the south it encompasses Kopwhai Place and Inverness Street to the east.