UPDATE: Police have arrested a 25-year-old Echuca woman over the stabbing.
Detectives are interviewing the woman at Echuca police station, but no charges have yet been laid.
EARLIER: A 29-year-old man is being flown to the Royal Melbourne Hospital after suffering multiple stab wounds.
Ambulance Victoria spokesperson said paramedics treated the man for upper body injuries and he was in a stable condition.
Police were later seen leading a woman out of the house in handcuffs.
9.15AM: POLICE and paramedics are at the scene of a reported stabbing on Foyster Court, Echuca.
Police received the call about 9am. Initial reports have at least one person with multiple wounds.
Ambulance Victoria has dispatched an air ambulance to the scene to help with urgent patient care.
At this stage, no information has come to hand about any arrests.
Crime Watch Victoria advises the public to avoid the area while services work.