The men, aged 27 and 30, were standing outside a home on Frankiln Drive, Estella, about midnight on October 4 when they were approached by two men and a woman believed to be in a 2012 or 2013 model white Suzuki Swift.

Police allege the pair were detained and assaulted by those in the vehicle and had their personal items stolen before being taken to a home on Phillip Avenue, Mount Austin.

The younger man escaped and fled on foot to a nearby property, while the older man was allegedly taken inside the home and assaulted.

Shortly after, the older man left the home and went to Wagga Base Hospital with injuries to his face.

The younger man sustained a swollen eye socket and a bite to the hand but did not require hospital treatment.

Officers from Riverina Police District began inquires as local detectives established Strike Force Yarrawong to investigate the incident.

Detective Inspector Adrian Telfer said police believe the parties are known to one another.

"We do believe there is an association between the parties, they were known to each other and police believe their was a dispute, but the exact motive behind the incident is not known at this stage," he said.

A 24-year-old man was later arrested at a home in Ashmont about 5.45pm on Monday, October 5. He remains before the courts.

Detectives would like to speak to a woman who may be able to assist them.

The woman is described as being of Caucasian appearance, of thin build, aged in her early 20s, with dark hair. She was last seen driving a white Suzuki Swift.

"We do not know her exact role in the incident at this stage but believe she has knowledge that could assist this investigation," Detective Inspector Telfer said.

Anyone with information, or who may have witnessed any suspicious activity at the time of the incident, is urged to come forward.