Update: Mr Banfield and his two dogs have been located a short time ago near his property - all safe and well.
He was located by a family member on a motorbike who was assisting in the search.
He has now returned home to be with his family.
Earlier:
POLICE and SES volunteers are currently searching a property in Chittering for a missing 68 year-old man.
Ross Banfield, who resides on the property, was last seen by his wife early yesterday afternoon.
It is believed he set out on one of his usual walks of his property with his two kelpie dogs but on this occasion has failed to return.
Mr Banfield was last seen wearing a black jumper and blue jeans.
He is described as being around 185cm tall, with grey hair and a solid build.
Police Airwing searched the area overnight.
Today, Police and SES volunteers are currently searching the area on foot.