A magnitude 3.1 earthquake has woken up thousands of people across the Mornington Peninsula, Melbourne and as far as Geelong just after 4:30 this morning.

Chief scientist at the Seismology Research Centre Adam Pascale says the earthquake was recorded off the coast of Flinders but has ruled out the risk of a tsunami.

“You sort of have to get up into the sixes and sevens to see that sort of thing,” he told Ross and Russ.

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