The structural and magnetic properties of the (1-x)Ni0.3Cu0.2Zn0.5Fe2O4/(x)PbFe12O19 nanocomposites were investigated, where x is the weight percentage of PbFe12O19 (hard phase) ranging from 0 to 100%. The magnetic measurement curves show a magnetic phase transition from soft to hard ferrimagnetic with an increasing weight percentage of the hard PbFe12O19 phase. For weight percentages of 30%, 45%, and 60% of PbFe12O19, the Mr/Ms ratio is more than 0.5 and they show a normal single-phase magnetic behaviour, indicating the formation of a strong exchange coupling in these samples. Compared to the single-phase Ni0.3Cu0.2Zn0.5Fe2O4 (soft phase), the saturation magnetization of the composites decreases significantly from 34.45 to 16.1 emu/g with increasing PbFe12O19 content, while the coercivity increases from 62 to 861 Oe. Although increasing the PbFe12O19 content reduces the saturation magnetization and increases the coercivity of the soft magnetic phase, this may provide a significant way to tune the magnetic properties with desired coercivity and saturation magnetization.