Best ways to use Velocity points to redeem Melbourne to Europe Business Class?

Wondering what is the most efficient use of points to get from Melbourne to Europe in Business class.
Currently have Velocity points.

You'll want to target Singapore Airlines as Etihad extra fees are really high.

Go for direct through velocity to go the most of your points if you can find availability, if not check Krisflyer for availability then do a transfer from velocity to KF, then book.

You’ll lose 35% in the transfer to KF from Velocity.