As the election campaign enters its final week, the coalition has pulled ahead of Labor in the Newspoll opinion poll for the first time.
The latest Newspoll published in The Australian on Monday shows the coalition sitting on 51 per cent compared to Labor's 49 per cent on a two-party preferred basis.
The poll of 1713 people, taken between last Thursday night and Sunday, is the first to gauge Australian voters' reactions to the shock Brexit vote as economic stability takes centre stage ahead of Saturday's poll.
On a primary vote measure, the coalition rose two points to 43 per cent, Labor was static at 36 per cent, while support for smaller parties slipped, with the Greens slumping to a near three-year low of nine per cent.
Prime Minister Malcolm Turnbull's net satisfaction rating improved slightly to a negative 14, while Opposition Leader Bill Shorten's improved to a negative 15.
Senior Labor MP Tony Burke said the poll results show Labor is still the underdog.
"The election was always going to be close, we were always going to be the underdogs - we are still the underdogs," Mr Burke said.