The Coalition has started the new parliamentary year with its lowest level of support since Prime Minister Malcolm Turnbull took the top office, trailing Labor in the latest opinion poll.

Support for the Coalition fell two points, putting them behind Labor 54-46 two-party preferred, in the Newspoll published in The Australian newspaper today.

The fall puts the gap between the two major parties outside the poll's margin of error, calculated at around 2 per cent.

Treasurer Scott Morrison dismissed the results, saying "governments don't govern on the basis of tomorrow's poll".

Minister Christopher Pyne also brushed off the results, telling the ABC the Coalition had other focuses.

"We're not going to be distracted by polls that come and go," he said.

"Obviously, there isn't an election for two-and-a-half years in Australia, and whether the polls are up or down in February 2017 when an election is not due until mid-2019 is really neither here nor there."

Mr Turnbull cited poor polling — losing 30 Newspolls in a row — in his ousting of his predecessor Tony Abbott.

In the latest poll, the Government's primary support fell four points to 35 per cent.

Support for independents increased four points to 19 per cent, while Labor and the Greens remained unchanged at 36 per cent and 10 per cent respectively.

However, Mr Turnbull increased his lead over Bill Shorten as preferred prime minister.