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Detective Senior Sergeant Damon Wells said the victim was forced into a car on Edward Ave, near St Albans Park, about 7.10pm on Wednesday,
A short time later, the alleged kidnappers realised they'd grabbed the wrong person so they took him to a property on Winton St, where the intended target – 30-year-old Willem Kerris – lived and let him go.
Kerris was then allegedly kidnapped.
Detective Senior Sergeant Wells said two men, aged 30 and 25, were arrested separately in connection with the alleged kidnappings on Friday morning. Police were still looking for a third man they believed was involved.
The two arrested men would be charged with kidnapping.
Wells said police had been unable to speak to Kerris and would like to do so to ensure he was OK.
They had received two sightings of him – one at a friend's home several hours after the kidnapping, and another at Northlands shopping centre about 3am on Thursday. He'd also been in touch with family in Australia.
Anyone with knowledge of Kerris' whereabouts is asked to contact police immediately on 111 quoting file number 200325/5211.