How much are Virgin Velocity Points worth?
Here's exactly what your Velocity Points are worth in cold hard cash right now, plus the best ways to spend them.

Here's what Velocity Points are worth for some popular reward choices:
In the table below, we've shown the points needed for a range of Velocity reward options, how much they would usually cost to buy outright and the dollar value per $1,000 points they represent.
The best value comes from flight upgrades, then business class flights, then economy flights. Store purchases are typically not good value. While the announcement in October 2024 that Qatar is buying a 25% stake in Virgin should eventually mean more international options for using points, that hasn't affected values yet.
Route | Points cost | Value | Value/point | Value/1000 points |
---|---|---|---|---|
Sydney to Perth (Economy) one way | 21,900 | $334.07 | $0.015 | $15.25 |
Sydney to Melbourne (Economy) one way | 9,900 | $106.23 | $0.011 | $10.73 |
Melbourne to Brisbane (Economy) one way | 14,900 | $201.72 | $0.014 | $13.54 |
Melbourne to Queenstown (Economy) one way | 17,800 | $483.43 | $0.027 | $27.16 |
Sydney to Perth (Business) one way | 35,500 | $1,929.07 | $0.054 | $54.34 |
Sydney to Melbourne (Business) one way | 15,000 | $316.23 | $0.021 | $21.08 |
Melbourne to Brisbane (Business) one way | 35,000 | $557.85 | $0.016 | $15.94 |
Melbourne to Queenstown (Business) one way | 35,000 | $795.00 | $0.035 | $34.58 |
Sydney to Perth Economy to Business upgrade one way | 30,000 | $1,595.00 | $0.053 | $53.17 |
Sydney to Melbourne Economy to Business upgrade one way | 10,000 | $210.00 | $0.021 | $21.00 |
Melbourne to Brisbane Economy to Business upgrade one way | 17,500 | $356.13 | $0.020 | $20.35 |
Sydney to Queenstown Economy to Business upgrade one way | 16,000 | $727.00 | $0.045 | $45.44 |
iPhone 15 512GB | 350,647 | $1,799.00 | $0.005 | $5.13 |
Myer Gift Card | 10,647 | $50.00 | $0.005 | $4.70 |
Event Cinemas Gift Card | 10,331 | $50.00 | $0.005 | $4.84 |
Breville Barista Express | 157,271 | $749.00 | $0.005 | $4.76 |
Dyson Supersonic Hairdryer | 120,214 | $649.00 | $0.005 | $5.40 |
AirPods 4 | 40,940 | $219.00 | $0.005 | $5.35 |
Charity donation | 7,723 | $39.00 | $0.005 | $5.05 |
Adelaide hotel room 1 night | 33,700 | $202.00 | $0.006 | $5.99 |
Car hire 1 night | 22,200 | $133.00 | $0.006 | $5.99 |
All calculations are based on typical prices for flights and rewards quoted in February 2025, as checked on the Virgin Australia site. Fares had dropped slightly on some routes, reflecting post-summer holiday drops in activity. This was less evident in Business fares.
For each route, we checked a range of dates across May 2025 and selected the most typical price for Virgin-operated flights. You might score cheaper flights on sale or pay more during peak times, but this is a useful median value. Points values for purchasing flights are for Tier 3 Rewards, and we've subtracted carrier fees and charges when working out the value. Values for upgrades are based on Choice fares. Availability of reward flights and upgrades can vary heavily. Points values for Reward Store redemptions come from the Velocity Rewards Store site.
I usually think about how much 1,000 Velocity Points are worth, rather than single points. You can't use individual points for anything, and redemptions usually require thousands of points.
My rule of thumb? If you're getting $20 or more in value for each 1,000 Velocity Points, that's worthwhile. Under $10? That's not good value.
The better value the reward, the trickier it is to get. Virgin only has a handful of Business seats on each route anyway, and you'll be lucky if more than one of those is available as a reward option.
Economy domestic flights represent good value and are much more widely available. If you book in advance for typically busy periods (such as holidays), they're a solid option.
Based on our calculations of Qantas value, the short answer is: yes. While the value is similar for domestic flights, Qantas's much broader network (both domestically and internationally) means there are higher-value options available.
After decades of flying on Virgin and using Velocity Points, these are my key rules:
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Where would I go to on your website to spend my rewards on shopping
Hello Dorothy,
At Finder we list information about various financial products and services, including frequent flyer points. But you can’t redeem points on Finder’s website. You should visit the Velocity website for more information. https://www.velocityfrequentflyer.com/the-basics/redeeming-points