Labor's lead over the Coalition has narrowed in the two-party preferred vote, the latest Newspoll shows, while leader Bill Shorten's approval rating has fallen sharply.
Based on preference flows from the last election, Labor is ahead by 51 per cent to 49 per cent, down from 53 per cent to 47 per cent a month ago, according to the poll published in the Australian on Tuesday.
Labor's primary vote dropped by three points to 34 per cent, the lowest since October, while the Coalition fell one point to 40 per cent.
The poll of 1086 people at the weekend also saw Mr Shorten's net satisfaction rating drop from minus 18 points two weeks ago to minus 26 points, his worst ever result.
That compared to a drop in net satisfaction with Prime Minister Tony Abbott from minus 15 points to minus 22 points over the same period.
Asked who would make the better prime minister, support for Mr Abbott was unchanged at 41 per cent while Mr Shorten gained a point to reach 38 per cent.
A Fairfax-Ipsos poll published on Monday found the Labor leader ahead of Mr Abbott as preferred prime minister by one point at 42 per cent.
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