LABOR polling shows it is trailing the coalition and the ALP would face a wipe-out in Tasmania if an election was called now.

The polling also shows it would have huge losses in NSW.

The Seven Network reports internal polling delivered to Labor's federal secretariat this week shows Labor's primary vote falling back to 33 per cent and the coalition on 46 per cent.

Labor's biggest problem was in state breakdowns.

The figures showed it could pick up two seats in Queensland, maybe one each in Victoria, Western Australia and South Australia, Seven said.

But it would lose all three in Tasmania and up to 10 in NSW, six or seven of them from western Sydney.

The results were likely to hose down any speculation of an early election, Seven said.