A 15-year-old boy has been arrested for the fifth time by Operation Toric since December, for stealing a BMW X1 and credit cards.

On Thursday morning, police received a report of a residential burglary in Bruce where credit cards and a grey BMW X1 were allegedly stolen.

Police found the BMW, with three youths inside, about 6.35pm and monitored it as it was driven recklessly through several northside suburbs, including undertaking other vehicles in bike lanes and running several red lights.

About 7.25pm police approached the youths, two aged 15 and one aged 17, who were on foot in Townsville Street, Fyshwick and placed them under arrest. The BMW was located in Gladstone Street a short time later.

Police will oppose bail when the youths face court.

The first 15-year-old, who was granted bail earlier this week, was charged with unlicenced driving, aggravated reckless driving, and driving a motor vehicle without consent.

The second 15-year-old has been charged with breach of good behaviour obligations and riding a motor vehicle without consent.

The 17-year-old will face charges of riding a motor vehicle without consent and possessing a drug of dependence.