A Ferrari lost control today and was involved in a serious accident near the Watsons Bay mansion in New South Wales.

Efforts were made to rescue the woman trapped inside the vehicle after the crash.

The 50-year-old male driver was also injured, suffering a head injury in the incident.

Fire and rescue services from NSW arrived at the scene shortly after the accident.

The Ferrari was reportedly speeding when it collided with a nearby pole before crashing into a mansion.

Several people gathered at the scene in the aftermath of the crash.