Sky News host Paul Murray has assessed The Australian's latest Newspoll figures and what they may mean for Prime Minister Scott Morrison and his government.

Labor has maintained its two-party preferred lead over the Coalition, which currently sits at 52-48.

The Coalition's primary vote has lifted 1 point, to 40 - while Labor's primary vote has dipped by a point, to 38.

Scott Morrison's approval as preferred prime minister has dropped from 56 to 52.

While Opposition Leader Anthony Albanese's approval rating has lifted from 30 to 32.

Mr Murray said Prime Minster Morrison has "taken a knock" but Anthony Albanese did not take a "big jump off the back of that".

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