Back in the early 1980s, eucalyptus die-back was a real problem in the New England area, around Murrumbateman, and in a lot of other places around Australia.
There were multiple causes and in many cases a combination of factors causing the problem.
One of the problems was Christmas beetles. It was generally considered that if the beetles stripped more than 50% of the leaves in two consecutive years, that would be enough to kill the tree.
When I was working on a farm near Boorowa, one of my jobs was to implement a trial scheme aimed at saving the trees. It involved drilling a hole about 1cm in diameter through the bark and into the sapwood. Concentrated Rogor was poured into the hole which was then sealed with putty.
The Rogor was carried into the leaves and beetles which ate the leaves were killed. Only a few of the trees in a clump needed to be treated to protect the clump.
The technique appeared to be successful and there was no indication of the trees suffering long term harm.
I used the same technique on a magnificent gum tree on my own place and once again it appeared to save the tree.
Since you said it was around Xmas, it could easily have been Christmas beetles.

