Menu
Business

Australians waste $600m on unwanted Christmas gifts

IT HAS been estimated Australians will have received about $630 million worth of unwanted presents this Christmas.

Galaxy research commissioned by online marketplace gumtree.com.au found 20.6 million stocking fillers missed the mark this year and would be getting binned, sold or "re-gifted".

It was an even higher figure than 2014's dodgy present haul.

"Last year unwanted gifts were valued at $520 million and this year the figure has jumped to $630 million," the research stated.

The average unwelcome gift was estimated to be worth $68, with in-laws the most prone to giving presents no one wanted.

The survey of 1253 people found about 9.5 million Australians would re-wrap a gift and pass it on to someone else to enjoy.

The website had a 30% increase in new advertisements immediately after Christmas last year, with a similar surge in Boxing Day sales expected for 2015.

Topics:  australia boxing day christmas gifts saving money waste


Las Vegas hotel ‘sues shooting victims’

Broken windows that Stephen Paddock fired from in the The Mandalay Bay Hotel and Casino are seen in Las Vegas. Picture: AFP

The hotel has filed a lawsuit against victims of the Vegas massacre.

The future for silver surfers has lake waves in it

MODERN SURFING: Artists impression of a completed Surf Lakes commercial facility.

Imagine big surf waves every hour, every day, no matter the weather.

Seniors tick off 'bucket list' with VR technology

Don Jackson experience virtual reality for the first time.

Immersive VR opens up whole new world for our elderly