I’m planning to make a booking on Business class from Melbourne to Hong Kong.
The points calculator says that 60k for a one-way trip is enough (https://www.qantas.com/fflyer/dyn/flying/using-points-awards-upgrades).
However, when you start booking, the real cheapest price is 240k. I checked random dates in May, September, and November, all the same.
Seems like Qantas points program is a big scam!