Patricia Ann GAY   - TRAGICALLY LOCATED DECEASED

                  Police are searching for Patricia Ann Gay, who has been reported missing.

Police find remains believed to be of missing Malmsbury woman Patricia Gay

Updated - ABC

Homicide detectives believe they have found the remains of Patricia Ann Gay, who went missing in central Victoria more than two years ago.

The 55-year-old was last seen by her daughter and family in her pyjamas at her Malmsbury home on a Sunday night in March 2012.

Police said they suspected her disappearance was a case of murder.

Detective Senior Sergeant Shane O'Connell said human remains had been found at a Malmsbury property and they believed it was Ms Gay.

"The human remains were located by a property owner near Back Creek," he said.

"Following initial examinations, sadly, we believe the remains belong to Patricia Ann Gay."

He said they were currently searching a property.

"Our investigation into the suspicious disappearance of Patricia has been ongoing and our search today will hopefully uncover evidence and or further human remains," he said.

Ms Gay's daughter, Brooke James, said it was a nightmare to wake up every morning and wonder where she was.

"It's good to know where she is, but we still don't know what happened to her," she said.

"I'd probably do just about anything to know what happened to her.

"It's horrible. You see her face every time you close your eyes to go to sleep."

Her son, Brett Churchill, said it was horrible to find his mother was dead and the family was baffled about what happened.

"She just disappeared. The door was open. Her phone, her purse, her medication was left behind," he said.

He said Ms Gay would not have been able to leave the house because she had bad asthma.

Police had earlier issued a $100,000 reward for anyone who provided information that lead to a conviction relating to the possible murder.