Labor 'delusional' as poll shows coalition in the lead

Anthony Albanese leads Peter Dutton as the preferred prime minister by four per cent. (Lukas Coch/AAP PHOTOS)

Voters are favouring the coalition over federal Labor, a new poll shows, in a sign the government's cost-of-living relief may not be enough.

The Australian Financial Review/Freshwater Strategy poll published on Monday shows the coalition is ahead on 52 per cent against 48 per cent for Labor on a two-party preferred basis.