The value of Qantas points depends on how you redeem them. If redeeming for Classic Flight Rewards, 10,000 Qantas points would be enough for a one-way Economy Class flight on Qantas, Jetstar or any of Qantas' other partner airlines on a route up to 600 miles in distance flown. For example, you could book a Qantas Economy Class flight from Melbourne to Sydney for 8,000 Qantas points + taxes & charges, or a British Airways Euro Traveller flight from London to Paris for 10,000 Qantas points + taxes & charges. In addition to the points, you'd need to pay any applicable taxes & carrier charges when booking Classic Flight Rewards.