Queensland Premier Campbell Newman has confirmed he will today announce a date for the state election.

The poll would likely be held in late January or early February.

The Liberal National Party (LNP) swept to power with a landslide victory in 2012, but recent polls show a significant slump in support.

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Mr Newman also faces a stiff challenge in his own seat of Ashgrove.

Labor candidate Kate Jones, who held Ashgrove from 2006 to 2012, announced in September she planned to recontest the seat.

A Newspoll published in The Australian over the weekend found support was evenly split between the LNP and Labor on a two-party preferred basis.

It also found 44 per cent of those surveyed said Mr Newman would make the better premier compared to Opposition Leader Annastacia Palaszczuk, on 35 per cent.

The Premier has improved his satisfaction rating which now sits at 38 per cent, up three points since September, but still just over half of those surveyed are dissatisfied with the Premier’s performance.

Ms Palazczuk’s satisfaction has climbed two points to 38 per cent in the poll, which surveyed more than 1,100 people and has a three per cent margin of error.

The LNP came into power in 2012 after winning 78 seats to Labor’s seven in a landslide victory.