Now you used to be able to buy this in Bunnings in various colours but its no longer available - typical Bunnings - never have quite what you want.

But if you have a spray gun, this can be achieved.

Basically -you mix an oil based paint with water. Depending on the ratio of mix is the fineness of the webbing. The oil based paint comes out in streaks and not an even spray - experiment first though...its a balance of mix and nozzle size