MF, I thought the same thing earlier this year when I got the display model Victa VCE1640 chainsaw from bunnings for $99 - 16 inch, toolless tension, oregon bar & chain.
Was $279 originally, but has been superseded by the new swift start model with the e-start and a 18inch bar I think.
Mine has been used three times - about 15 minutes of light work each time - usually branches up to 4 inch thick but a few 6-7 inchers. I store it empty of fuel and bar oil, so it should give me at least several years of service before I presumably will have to put in a carby diaphragm and lines.
I also have an old Poulan I need to get running - top handle 14 inch from the mid 80s - has a chain brake.