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@placebomeplease
@Ben689908 can’t speak for AUS/CAN, but in the US they’re a couple of ways to resolve the issue of timing between buyers and sellers. Really depends on circumstances.
Usually, buyers can agree with their lender to buy with a very small down payment, then apply any profit from their own sale to reduce their mortgage substantially. Although it doesn’t solve the “chain” problem entirely, it makes the process less financially burdensome.
A less common example is when a seller basically agrees to pay rent back to the buyer while the seller continues their search. The buyer and seller would agree to a termination date of that agreement. Works best if the buyer has another living arrangement to fall back on in the meantime or is renting month-to-month.