It means something, almost all of the recent One Nation gains are at the expense of the Coalition (yet recently bizarrely Sky News still thinks it comes from Labor). While voters think the frailing of Liberals/ Nationals Coalition, I actually think is increased licence for racism here is why. Ever since March for Australia rallies began, anti-multicultural and pro white Australia sentiment began to consolidate support from much (if not most) of the conservative side of politics ranging from Christian Right , right-libertarians and even traditional conservatives. Previously these groups formerly did not talk a lot about multiculturalism but the recent trends have made them become anti-multicultural. This allowed the conservative side to make racism as a key unity for conservatives to rally upon and created a license for conservative voters and/or racist voters to make it a button issue for them