It's the spray can with the Midas touch.

Some enterprising aerosol paint enthusiast has completely covered a car dumped in Melbourne's inner suburbs with gold paint.

The crumpled Toyota Camry had been sitting in North Fitzroy, near the intersection of McKean Street and Michael Street, for a couple of weeks before getting the makeover.

One local said that whoever crashed the car into the tree probably took off in a hurry, as the driver's side window was left down and the keys were still in the ignition.