Some things to think about:
Who is going to pay for your masters? I think it was Warren Buffet who said the best investment is in your own education. If scholarship or future employer then you lucky sod you don't need to hear my thoughts. If student loan or HECS, consider if and when you will pay it back and if you may need the money for another reason (holiday, wedding, kids, knee operation, etc) at that point in time as it may be worth paying full fees up front but if the interest rate is low on the loan you will be better off investing your money elsewhere.
Whatever you invest in, consider the interest rate or return on investment as the rate of risk. The higher the rate, the higher the risk. There is a reason why gum tree plantations in Brazil pay 10% compared to a fixed term loan at Westpac at 5% - the risk of losing your $10k is twice as much.
For investment, some people say "timing is everything" but I think it's better thought as "the time in is everything", i.e. it's not when you investment but for how long you invest for. So pick a future date when you want to buy property and how much you will need then work backwards to your $10k start.
If your long term goal is property, is that a house to live in or a rental property to invest in? If to live in then best maybe just whack it in a fixed interest bank deposit and roll it over every 3 or 5 years or so. Be careful of the terms as I got stung when putting money in one thinking the interest compounded but the bank just transferred the interest component out into another account once a year which just got spent instead of reinvested. If investment property (residential or commercial) then consider buying shares in a listed property developer then by following the company you invested in you will learn more about the market and how it works which will help you in the long run for when you buy your own investment property.
The above is just off the cuff and I am happy to discuss more in a PM if you want.
A truly loyal fan would put it all on the Reds winning the final!