Laszlo .. the way the Ozzie dollar is being murdered this week, you can probably buy AUSTRALIA for about 50,000 points!
My current American Express (oz) catalogues has in it has a vacuumm cleaner for 50,000 points, a Ronson bereadmaker for 26,000 points, a dozen ordinary looking wines for 23,000 and a very dull looking leather handbag for 46,000 points etc.
All Amex points = 1 Qantas flyer point. My neighbour flies 5 days a week for his job, mostly It'l to SE Asia. He uses 80% of his points he says for stuff outta these catalogues as flying for leisure is the LAST thing on his mind.