The Coalition government is trailing behind Labor 47-53 percent on a two-party preferred basis in their 29th consecutive Newspoll loss.
The result has brought Prime Minister Malcolm Turnbull closer to the 30th loss streak, which he cited as a reason for challenging Tony Abbott for Liberal leadership in 2015.
The Guardian reported Labor’s primary vote has increased by one point to 39 percent, while the Coalition’s remained at 37 percent.
It is the highest Labor’s first preference vote has been since the Liberal leadership challenge.
Turnbull is preferred prime minister, leading Opposition Leader Bill Shorten 39 to 36.
However, Shorten’s personal approval rating has reached 34 percent, a two point lead over Turnbull.
The primary vote of the Greens and One Nation is stable at 9 and 7 percent respectively.
Turnbull dismissed the result at a media conference in Canberra this morning when a reporter reminded him it is not a good sign.
“Why are you smiling then if it is not good news? You are so pleased,” he said.
“I know why! Because you are so happy about all of the jobs we have created. Because you are not distracted by polls. You know that we have created 420,700 jobs in Australia in the last year.”
Earlier this month, Abbott asked Mr Turnbull to ‘please explain’ his leadership if he lost another poll.
“It was the prime minister who set this test, and I guess if he fails the test, it will be the prime minister who has to explain why the test was right for one and not right for the other,” he said.