Australia economy is very highly leveraged to asian.
So our fortunes can be quick to change, for the better or worse.
If Europe woes continue, then China & USA's economies will suffer, and our's will suffer greatly. Interest rates will consequently drop.
On the other hand, if Europe gets its act togethor, China will continue chugging along nicely, Our stock market will rally, optimism will grow, property will continue upwards, and interest rates will stay as is or go up.
This is all IMO, I accept there are many more variables to consider but this is a very basic view I am taking
