Tony Abbott’s honeymoon is over as the coalition slumped to its lowest rating in three years.

Labor now leads on preferences for the first time since Julia Gillard was elected prime minister, according to a Newspoll survey taken last weekend.

After three months of an Abbott-led government, more voters are dissatisfied with the prime minister than satisfied, shows the Newspoll, which is published in The Australian on Tuesday.

Labor’s two-party-preferred support has jumped five percentage points to put the ALP in front 52 per cent to 48 per cent.

The coalition’s primary vote fell three percentage points to 40 per cent, while Labor’s rose three points to 38 per cent.

The Australian says Labor’s primary vote is back to the level it was in July, just after Kevin Rudd replaced Julia Gillard as prime minister.