$4.99 ALDI wine wins major prize at international wine show

ALDI has pulled another rabbit out of the hat, taking home a number of top gongs at the Melbourne International Wine Competition.

But the budget German supermarket's real winner was copping a Double Gold award for a bargain bin wine.

The top-notch drop will set Aussies back a mere a $4.99 (£2.87) at the budget-friendly store.

ALDI has proved that yet again that great quality does not need to come with a hefty price tag.

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The cheap wine beat out many mid-priced and luxury brands from around the world at this year's Melbourne International Wine Competition.

But that wasn't the only prize that the cheap grocery store took home on the day.

ALDI also picked up three Double Gold, four Gold, seven Silver and 11 Bronze awards for its affordable wine range - including the $4.99 South Point Estate Sparkling Chardonnay Pinot Noir, which scored a Double Gold.

“We are thrilled that our award-winning wines have been recognised yet again among the highest quality drops available in Australia,” ALDI wine buying director Jason Bowyer says of the range's international success.

He added: "As we come out of winter and into the silly season, at a time when consumers are conscious of their spending, they really don’t need to compromise when they shop our range of wine."

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"The reality is everyone can have a wine rack full of award winning, quality crisp whites, floral rosés or lighter, refreshing reds, which are perfect springtime drops."

Regardless of what you prefer though, I think we can all agree that our unmatched value across the range tastes better than anything else."

And let's be honest, it's hard to beat a crisp Pinot that sets you back less than a fiver.

So cheers to an affordable bottle of plonk or two, we reckon.

The awards were judged by buyers, sommeliers and international distributors in Australia across 50 categories.

More than 1,000 submissions are received from vintners from seven countries.

So, if you're wanting to dabble in quality vino without losing an eye-watering sum at hip pocket, here's the full list of local and international wines that will make your tastebuds sing and your wallet rejoice.