Nasteho Said Australia's far-right One Nation party has regained the lead in a national opinion poll, overtaking Prime Minister Anthony Albanese's center-left government. Support for the Labor party declined to 27% in the latest Newspoll, while One Nation held steady at 28%. The traditional conservative coalition edged up to 21% backing.
The poll of 1,200 voters, conducted last week, carries a margin of error of plus or minus 3.2 percentage points. This result comes a day before the Reserve Bank is expected to deliver its fifth rate rise this year to combat stubbornly strong inflation. Elevated prices and high borrowing costs have weighed heavily on consumer confidence, exacerbated by surging fuel costs linked to the US-Iran war.
Net approval ratings for political leaders remain in negative territory, with Albanese posting the worst rating of minus-23. The poll underscores voter frustration with the economic outlook ahead of upcoming political challenges.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing