Tame Impala have taken out the Rolling Stone Award for Album of the Year thanks to their second album Lonerism.

The Perth psych-rockers collected the award for a second time in their short career, having won in 2011 with debut album Innerspeaker.

Nick Allbrook, Dominic Simper and Jay Watson of Tame Impala. Credit:Getty.

The latest accolade, presented at a star-packed music industry bash in Sydney, adds to the international clamour around the band and its frontman Kevin Parker.

Lonerism made history as the first Australian album to be hailed an album of the year by music bible NME and topped several end of year lists, while at home it was worthy of Triple J's coveted J Award.