Gazumping could be banned by Govt to cut 'stress' of buying a house

The video discusses the stress and challenges faced in real estate transactions, highlighting a personal experience and survey results showing high levels of stress among buyers and sellers. It addresses the impact on the property market, including costs and future purchasing hesitations. The practice of gazumping is examined, particularly in a seller's market. The government is considering legally binding agreements to make transactions cheaper, faster, and less stressful.

What factors contribute to the increase in gazumping during a seller's market?

What is the government's aim with the proposed lock-in agreements?