NSW police are investigating a stabbing at South Nowra on the state's south coast.
Police were called to a residence on Holloway Road about 3.45pm on Saturday, after reports of a dispute between two men.
One man, 32, was found with multiple stab wounds while another man, 45, was found nearby with a stab wound to his stomach.
A knife was found at the scene and seized by police.
The older man was taken to Shoalhaven Hospital, while the younger man was flown to St George Hospital.
Their conditions are unknown.
A crime scene was established and inquiries continue.
© AAP 2019