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Yes. Australia follows most of the traditions that other westernised countries follow when it comes to Christmas. The tradition of exchanging gifts at Christmas is very strong.
The tradition of wrapping gifts in paper started as far back as 105a.d. in China. Soon the tradition spread to Egypt and all throughout Europe. The trend hit America in the 20th century by Hallmark.
In "The Gift of the Magi," one tradition mentioned is exchanging gifts during Christmas. Jim and Della, the main characters, go to great lengths to buy each other gifts as a token of their love, despite their financial limitations.
Receiving and exchanging gifts.
giving each other presents
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Christmas coincides with an ancient Greek holiday in which men would party and have sex with each other as well as exchanging gifts.
The tradition of gift giving at Christmas was started by Christian nuns who celebrated the birth of Christ by giving gifts to the poor and the widows and it caught on over time and more people started giving gifts, it was never supposed to be about materialism.
Some may call this "drawing names."
It started because when Christ was born everyone wanted to be happy so they started to give gifts and then the tradition started generation after generation.It is as the word suggests, Christ Mass or the mass of Christ originally celebrated in the Catholic Church.