08/02/2017 10:54 AM AEDT | Updated 08/02/2017 2:54 PM AEDT

A Giant Sinkhole Has Opened Up In Prime Minister Malcolm Turnbull's Suburb

The hole is just streets away from the PM's house.

A massive sinkhole has opened up in Sydney's Point Piper several streets away from Prime Minster Malcolm Turnbull's harbourside home.

Emergency Services were called to Wentworth Street in Sydney's eastern suburbs at around 7am on Wednesday following reports of a collapsed footpath, the ABC reports.

The footpath and part of the road had caved in, leading to the evacuation of nearby houses. It's thought to have been caused by heavy rainfall on Tuesday.

A Woollahra council spokesperson has told the ABC that staff were working with emergency services and police at the site.

"Council have engage technical engineers to assess the site and prepare a report for council," they said.

Fire and Rescue NSW tweeted to say that a ruptured gas line caused by the street collapse has been since shut off by a firefighter who was lowered into the pit.

According to National Geographic, a sinkhole is basically a large hole in the ground that forms when water dissolves the surface rock.

"The collapse often happens very suddenly and without very much warning. Water collects in these collapsed sections, forming sinkholes," the website stated.

There's been some incredible images captured from the scene that undoubtedly rattled residents, although no damage to private property has been recorded.