A majority of voters have backed the federal government's $2.4 billion rescue package for a troubled major steelworks.
The mega takeover to protect jobs at the Whyalla steelworks in South Australia was heralded by locals and will enable a search for a new owner of the facility.
Latest polling by YouGov, provided to AAP, found 62 per cent of those surveyed support the steelworks deal and public ownership of the plant announced last week, including 61 per cent of people who intend to vote Liberal at the upcoming election.
Australia could not afford to let one of only two steelworks in the nation disappear, Prime Minister Anthony Albanese said when announcing the massive package.
But a cut in interest rates that bolstered the fortunes of mortgage holders has failed to translate to an uptick in the political fortunes of the government, the polling shows.
The latest YouGov poll showed the coalition maintaining a 51 per cent to 49 lead over Labor on a two-party preferred basis.
The coalition's primary vote stands at 37 per cent, compared with the government's 28, while the Greens are on 14 per cent and independents on 10.
The poll showed Mr Albanese had a net satisfaction of minus 12, with 40 per cent satisfied compared with 52 per cent dissatisfaction.
Opposition Leader Peter Dutton had a net satisfaction of minus two, with 44 per cent satisfied and 46 per cent dissatisfied.
But Mr Albanese held a narrow lead as preferred prime minister, leading 42 per cent to 40 over the Liberal leader.
It's the first poll conducted by YouGov since the Reserve Bank 's decision earlier in February to cut interest rates, the first lowering for almost five years.
While the cut to the cash rate may have been seen to be a vote winner for the government ahead of the election, YouGov's director of public data Paul Smith said the Reserve Bank's decision had little bearing on political standing among voters.
"We asked voters prior to the rate cut and we asked people after as well, and 90 per cent said it will make no difference to their vote," he told AAP.
"Polling shows consistent support for government policies across a range of things, but they haven't been turning into that support at the ballot box."
The election is due to be held by May 17 at the latest, but there is speculation the prime minister could call the poll in a matter of days.
Mr Smith said it was too early to indicate support among voters for the government's $8.5 billion package to expand bulk-billing, as polling began before the announcement was made.
The YouGov poll also revealed voters have not flocked to Clive Palmer's new political venture Trumpet of Patriots.
Launched in Canberra earlier in February, the mining magnate looked to lift many policies from US President Donald Trump.
However, just one per cent of voters indicated they would give Mr Palmer's party their primary vote.
"This is a very low level of initial support for the new party given it conducted entirely after the launch that received extensive media coverage," Mr Smith said.
The poll of 1501 people was conducted between February 21 and 27, which had a margin of error of 3.3 per cent.
