An elderly man has been held up at gunpoint, while sitting his car at Coombabah early this morning.
The 73-year-old from Biggera Waters was on the phone while parked on the Esplanade around 4:20am, when another vehicle pulled up in front of his.
A man described as being aged in his 20s and wearing a black, hooded jumper, got out and approached the victim's driver-side window before pulling out what appeared to be a black, semi-automatic handgun.
The assailant demanded the man hand over his wallet, and proceeded to grab him by the jacket and point the gun at his face when the 73-year-old initially denied having it on him.
The assailant then took the man's wallet before driving off.
The victim was not physically injured during the incident.