Overview

• The latest Newspoll survey indicates Labor holds a 52-48 lead on a two-party preferred basis ahead of the May 3 federal election.
• Prime Minister Anthony Albanese's approval rating has significantly improved, rising from -20 in February to -4 in April.
• The election remains highly competitive, with the possibility of a hung parliament and Labor forming a minority government.
• Labor's recent polling gains follow global market turmoil linked to U.S. tariffs and domestic policy shifts, including the opposition abandoning a return-to-office mandate.
• Albanese has tempered expectations, emphasizing the challenges ahead and noting the global difficulties of governing during economic uncertainty.