Whatever way you spin it, vinyl sales are up in Australia.

A whopping $15.1 million worth of records were sold across the country in 2016 – up 70 per cent on the previous year, figures from the Australian Recording Industry Association (ARIA) show.

It was the sixth consecutive year that the industry has seen an increase in the demand for vinyl.

"Vinyl is selling really well. It actually took over CD sales in the last half of last year for us," Matt Huddy, manager of Sydney's Red Eye Records  told AAP.

Huddy says Red Eye's biggest sellers on vinyl cover all musical genres with a particular interest on back catalogue releases in classic rock and hip-hop.

But sales are not just confined to nostalgic Baby Boomers. There's one current Australian psych-rock band that sells particularly well in the format.

"King Gizzard and the Lizard Wizard that goes really, really well. Any new album of theirs we can sell quite a lot of copies and they have three albums a year," he said.

"We get kids as young as 12 in with their parents. They've dug the turntable out of the garage and they want Taylor Swift on vinyl."

It follows a growing trend around the world. In Britain, vinyl sales for 2016 rose 53 per cent, according to the British Phonographic Industry.

In the US, a Nielsen Music report showed vinyl sales accounted for 11 per cent of total physical album sales in 2016, the 11th consecutive annual rise for vinyl.

The question is, why are consumers turning to a musical format that had its heyday in 1981 when total vinyl album sales surpassed 1 billion?

"I think a lot of people got turned off digital sound-wise and people still want to own things. They want to be able to hold something. There's a bit of coolness to it at the moment as well," Huddy said.