THERE’S always a Christmas gift that you don’t want. You know the ones that have no use to you whatsoever. It could also be the wrong size or the wrong type.

Many are jumping on to ebay and selling items in a bid to at least get something useful for themselves.

But surely there’s something in the saying – ‘it’s the thought that counts’.

It proves there are a lot of bitter people in the world after receiving pressies from someone and then selling it just days later on ebay or another item exchange.

It is estimated that Australians will horde up to $1b worth of unwanted goods this festive period.

Some will try and get cash for the unwanted goods, while a surveyed 26 per cent will exchange it as a gift to someone else.

However about 43 per cent of people said they would let their unwanted goods sit in cupboards.

Australians planned on spending an average $662 to buy 12.7 Christmas gifts this year.

Victorians and Tasmanians were predicted to spend the most, with about 164,000 people splashing out $2,000 or more on presents, followed by 161,000 in NSW and 86,000 in Queensland.

This festive period, hold on to your goods; you never know they might be worth more to you than what you think.