Prime Minister Malcolm Turnbull's support continues to fall as Opposition Leader Bill Shorten's standing with voters hits a 12-month high, the latest Newspoll shows.
The poll, taken for The Australian, indicates that two weeks into the election campaign the government has failed to claw back Labor's two-party-preferred lead of 51 per cent to the coalition's 49 per cent.
The survey of 1709 voters taken from Thursday to Sunday also shows Mr Turnbull's net satisfaction rating has plunged and is now the same as an ascendant Mr Shorten's on -12 points.
But Mr Turnbull remains the preferred prime minister by 46 per cent to Mr Shorten's 31 per cent.
The Newspoll represents a two-party swing against the government of 4.5 per cent ahead of the July 2 election, suggesting about 23 coalition seats would be lost and Mr Shorten would lead a Labor government with a narrow majority.
The coalition's primary vote is steady at 41 per cent, Labor has dropped one point to 36 per cent, the Greens are unchanged at 11 per cent and other parties and independents are up one point to 12 per cent, the poll shows.
Voters still think the coalition will win the election with 44 per cent picking that outcome against a third opting for a Labor victory.
Cabinet minister Michaelia Cash insists the only poll that matters is on July 2.
"Malcolm Turnbull is an outstanding prime minister," Senator Cash told the Seven Network on Monday.
Labor MP Jason Clare disagrees, arguing voters are disappointed with Mr Turnbull.
"They're saying, look, he's got the same policies as Tony Abbott, just a better smile - was it all worth it?" he said.
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