Police today are conducting a large-scale search of a rural property north-west of Sydney for the body of an elderly man whom was believed to have been shot dead.

Edwin Dobbin, an 82-year-old miniature horse breeder, was reported missing from his home in Leppington, in the city’s south-west on September 25.

Despite police investigations he could not be found.

Police are search a property north-west of Sydney for the body of a missing 82-year-old man. (Nine)
Police say the search for the body of an 82-year-old man missing from Sydney is expected to take a couple of days. (Nine)

During inquiries, detectives identified a 67-year-old man, known to the missing man, who had allegedly told police conflicting information about the incident multiple times.

He was arrested in Smithfield yesterday, and officers later raided a property at Upper Colo in the Hawkesbury region, where the body of the 82-year-old is believed to be buried.

In an update today, Acting Superintendent Tim Calman said a crime scene had been established and a search for the body was underway, involving forensic officers.

“I would expect it to be an extensive search, probably will go over a couple of days.”

He said the extent of the relationship between the two men is still being investigated.

Edwin Dobbin, 82, missing from Sydney's south-west
Edwin Dobbin, 82, missing from Sydney’s south-west (Supplied)

Police are also yet to establish the ownership of the property at Upper Colo.

Calman said investigators are also working with the distraught family of the 82-year-old man.

“Police spoke with the family yesterday … obviously in these circumstances they are very, very upset … Camden police continue to work with them as this investigation unfolds.”

Police hope to learn more about the cause of death and any movement of the corpse when a forensic examination at the property is completed.

The 67-year-old was refused bail and is scheduled to front court today.

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