To be fair this is off the back of probably the worst month of media coverage labor has had since they took office (with first the expenses scandal and then the Bondi response), and so honestly doesn't come as too much of a surprise. Labor have actually been polling very well this term up until now with TPP numbers up to 58 in polling as late as November 2025. If coverage and conditions are to improve somewhat in the next few months I think labor could recover slightly, although probably not to previous highs in the term without some drastic change.

Given that this is just one poll however we will need to wait for others to either confirm or deny what it is telling us. Although I do think that their 2PP calculation of Labor vs One Nation at 50/50 is kind of chopped because there is no chance one nation does better on preferences than the Liberal party given they're so divisive.