People on YouTube who live in the area are also claiming to have seen it.
PS... Anyone who watched it, should watch the full 7 minutes. Some of the most unbelieavable stuff comes towards the end.
It's an intriguing video, that's for sure, particularly as it moves over the streets.
here's a sample of the YouTube comments:
Raz3rfr3ak well as i recall i was in Geelong 2 weeks ago to see my Nana and Pop and on the way back home from there me and my family saw a red light about 50 meters away from us and about 15 meters in the air, at first i thought it was a pole with a light on it in a air field (wasn't sure if airfield didn't look like it) but then when we slowed down for a Y-turn i noticed it was moving around i showed everyone but we had no clue most likely and RC being flown around at night but it looked pretty small.
blessthefallable im from geelong myself, me and a friend seen something flying around at night like this about a year ago we thought it might have been a satalite but it was moving around all over the sky. we told our friends but know one really believed us im dead set its some sort of alien craft they move to quick to be remote control planes or helicopters and they fly real high then disapear and **** ..crazy ****