It shows National could form a new government with micro-parties Act and United Future. The three parties would have 64 seats between them, two more than the majority needed.
They would not need the support of the Maori Party to govern, although National leader John Key has said he would try to work with the party even if he did not need it.
National's support has fallen 2.5 points in the past fortnight to 47.9 per cent.
It is the first time it has been below 50 per cent since March this year.
But Mr Key is well ahead as preferred Prime Minister, with 46.2 per cent support, compared to Helen Clark's 41.6 per cent. More
Clark has come out today and said her polling suggests she will win on November 7.
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