Voter support for Labor dives as cost-of-living pressures hit households

Australians are pulling back support for the Labor federal government as the cost-of-living crisis continues to impact households.

Over the past month, voters slashed Labor's primary vote from 32 per cent to 30 per cent, today's poll for Nine Newspapers The Sydney Morning Herald today shows.

The figure is below the party's historically low vote recorded during the 2022 election.

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Support for the Coalition increased from 35 per cent to 36 per cent.

Prime Minister Albanese is still the nation's preferred leader over Peter Dutton, ahead by 41 per cent to 32 per cent.

Resolve Strategic conducted the survey, which found 55 per cent of voters would struggle to pay for a major household expense, such as a new fridge or car repair.

Analysis of the polling shows a swing against Labor compared with the party's slim majority during the 2022 election.

The Albanese government has pledged further cost-of-living relief in next month's budget, while assuring people its current measures, such as energy bill subsidies, are helping households.

The poll comes as Treasurer Jim Chalmers warned fresh hostilities in the Middle East were a "genuine threat" to Australia's economy, with any spike in global oil prices set to impact the cost of petrol.

There are also other global economic challenges, such as a slowing Chinese economy and lower iron ore prices.