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Landlords face balancing act as rental properties markets tighten

With rental properties and rents around Australia at record highs, landlords have been facing a challenging balancing act in securing the best yield possible while retaining loyal tenants who may have experienced economic hardship.

Three for lease signs
While many landlords have been tempted to increase the rent on their properties, others are finding the long-term security of a loyal tenant is a compelling option: Photo: Shutterstock

With rents around Australia at record highs, landlords have been facing a challenging balancing act in securing the best yield possible while retaining loyal tenants who may have experienced economic hardship.

From the Northern Territory, where renters have had to deal with a staggering 16.7 per cent increase in their payments, to Sydney, where rents have risen by $30 per week in just a few months, 2021 has been the worst year for renters since …