Business Maverick: Australian Election Tightens After Rocky Start to Campaign

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Australian voters are turning their backs on the two major parties ahead of next month’s election, with new polling showing the center-right government and the opposition Labor Party could both struggle to win a majority in Parliament.

Prime Minister Scott Morrison’s Liberal National Coalition government saw its primary support fall to 35%, while the opposition Labor Party’s fell to 36%, according to apublished in The Australian newspaper on Monday. At the same time, one in four voters said they were planning to vote for a minor party or an independent candidate, with support rising to 12% for the Australian Greens and 4% for the far-right One Nation party.

If neither secures a majority, then they’ll need to negotiate with minor parties and independent lawmakers to form a minority government. Australia has only had one such government in the past half century, between 2010 and 2013, but recent elections have seen fewer and fewer votes won by the two major parties.

Albanese’s net approval rating has plunged to -14 in the latest Newspoll survey, its lowest since he became Labor Party leader in 2019, while PM Morrison’s has recovered slightly to -9. The estimated two-party preferred vote has remained at 53% for Labor and 47% to the government.

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No it hasn't - latest poll unchanged from the week before. This poll was released last night. Labor still leads 53% to 47% on 2 party preferred. Gaffe prone PM Morrison stumbling again today. Even called a journalist 'Mr. Speaker' 3 times in a news conference over the weekend!

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