Support for the Coalition has fallen to the lowest point in 40 years following Labor’s landslide election win.

A Newspoll, conducted for The Australian, revealed the Liberal and Nationals primary vote is now at 29 per cent — falling from its lowest ever election primary vote of 31.8 per cent.

Labor’s primary vote increased to 36 per cent — 1.4 per cent higher than at the election.

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This is the worst primary vote for the Coalition since Newspoll first recorded the primary vote levels across federal parties in November 1985.

The plummeting Coalition primary vote comes despite Prime Minister Anthony Albanese having poor approval ratings at the beginning of Labor’s second term.

Only 47 per cent of voters are satisfied with Mr Albanese’s performance, almost 15 per cent lower than his approval rating when he was first elected as Prime Minister in 2022.

However, Mr Albanese remains the preferred leader with a lead of 52-32 over Liberal leader Sussan Ley.

Ms Ley has an approval rating of 35 per cent, two per cent lower than Peter Dutton’s ranking at the same time in his leadership in 2022.

About 23 per cent of voters have not committed to a view of the new Liberal leader yet.