The Victorian Coalition has overtaken the Labor government in the two-party preferred vote for the first time in seven years, a fresh opinion poll has revealed.

A new opinion poll from Redbridge showed support for Premier Jacinta Allan has slumped to 49 per cent, with pollsters attributing the slide to cost of living, housing and soaring debt.

When Allan took over as premier from Daniel Andrews in September last year, Labor was 13 percentage points ahead of the Coalition in the two-party preferred vote.

The polling results come at a crucial period for Opposition Leader John Pesutto. (Nine)

But support for the Allan government has been on a downward trend ever since, falling almost 8 percentage points in just over a year.

Facing the media today, Deputy Premier Ben Carroll dismissed concerns.

“We’re not focused on ourselves. We’re focused on Victorians,” Carroll said.

“We’re working hard every day and there’s one poll that matters and that’s in November 2026.

Support for the Allan government has been on a downward trend since she took over from former premier Daniel Andrews. (Nine)

“What the Liberal Party do is focus on themselves. We focus on everyday Victorians.”

The polling results come at a crucial period for Opposition Leader John Pesutto, who is trying to savour party confidence amid whispers his leadership is in trouble.

A new opinion poll from Redbridge showed support for the premier has slumped to 49 per cent. (Nine)

“What a trend now is suggesting is support for Labor is tanking,” Pesutto said.

“I’ll be making my way around the party room in coming days.”

Redbridge director Kos Samaras said the economic crisis was driving angst among Victorians.

“The government is definitely not projecting to these Victorians that they are doing everything they can to help,” Samaras said.