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Police allege the man, 58, drove to his brother's property in Rufus, in far-west NSW, with a real estate agent on Tuesday,
The Daily Telegraph reported.
He is accused of tying up the real estate agent before shooting his brother dead and then driving 120 kilometres to his mother's home in Red Cliffs, south of Mildura, in regional Victoria.
Police claim the 58-year-old then shot and killed the 82-year-old before returning to his brother's property to free the real estate agent and allegedly turning the gun on himself.
The man was found suffering from a suspected self-inflicted gunshot wound at 3pm and was rushed to Mildura Hospital in a critical condition, where he remains under police guard on Tuesday night.
Victoria Police discovered the elderly woman's body at her property at 12.30pm.
NSW police drove to the Rufus property an hour later, where they found the body of the man's brother, whose age is unknown.
A NSW Police spokeswoman confirmed the three parties are related to each other and told Daily Mail Australia officers are not looking for anyone else in relation to the incidents.
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Homicide Squad detectives from both Victoria and NSW continue to investigate.
Anyone with information is urged to call Crime Stoppers.
Homicide Squad detectives from both Victoria and NSW continue to investigate.
Anyone with information is urged to call Crime Stoppers.
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