Matt Corby and producer Dann Hume have scored $50,000 for their work on 'Miracle Love'.

A standout from Corby's second album, last year's accomplished Rainbow Valley, 'Miracle Love' was shortlisted among over 3,683 entries before taking out the top prize in this year's prestigious Vanda and Young songwriting competition.

Not bad going for a song Matt said he didn't like in the beginning, "I thought it was a bit basic," Corby told triple j Mornings on Inspired, but he eventually grew to appreciate the track. “I couldn’t deny that it made me feel really good.”

Watch below and listen to the full episode here and in the Inspired podcast.

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"This song was a special one for Matt and I, one of the first songs we wrote together after a few years between his albums," Dann Hume said in a statement today. "When it was finished it felt like it had always existed and we just happen to find it buried in the backyard studio of his house.”

The $50k win comes just day before Corby takes the stage for Splendour In The Grass - triple j will broadcast his Sunday evening set live to air - and follows on from his new collaboration with Tash Sultana, 'Talk It Out'.

First Spin: Tash Sultana and Matt Corby team up for the blissful 'Talk It Out' A collab that's been nearly two years in the making, but "we've got plans to do a few more things later," the twosome tease.

Matt Corby is in good company at the winner's podium. Behind the scenes hitmaker Sarah Aarons scored the $10,000 second place prize for her work on Zedd's 'The Middle', continuing the Grammy nom'd, LA-based Aussie's winning streak after cleaning up at the APRA Awards in April.

Third place went to Sahara Beck, who walked away with $5,000 for her song 'Here We Go Again', and Kaiit's 'Miss Shiney' was awarded the $5,000 unpublished prize - an addition to the prize pool added last year courtesy of music royalties organisation APRA AMCOS and Alberts music publishing.

Named after Harry Vanda and George Young of iconic Aussie band The Easybeats, previous top prize winners of the Vanda and Young songwriting competition include Amy Shark, Gretta Ray, Izzi from the Preatures, Kimbra, Washington, and Husky.

Vanda and Young Songwriting Competition 2019