Pauline Hanson's One Nation has taken the lead in Australian national polling, a remarkable surge for the right-wing minor party.

A RedBridge/Accent poll published October 5 puts One Nation on 29 percent of the primary vote. Labor trails on 28, the Coalition sits at 21 and the Greens at 11.

Prime Minister Anthony Albanese's personal ratings have collapsed. His net approval stands at minus 27, a level that usually spells trouble for an incumbent.

The poll reflects deep voter anger over the cost of living. Inflation remains the dominant issue for Australian households despite a series of interest rate moves.

One Nation's rise mirrors gains for populist parties in other Western democracies. Analysts say the Coalition's weakness has opened space on the right.

Labor strategists insist polls can move quickly. The next federal election is not due for more than a year, giving the government time to recover.

One Nation was founded by Pauline Hanson in 1997 and currently holds four Senate seats. The party's support has historically surged during periods of economic discontent.

Sources: pollbludger.net, europesays.com, eveningreport.nz.