THIS is the latest young Aussie actor making an assault on Tinseltown - and the 20-year-old’s rise has been more rapid than any of the other "Aussiewood" set.

Expect to be seeing a lot more of Teresa Palmer’s face very soon.

Next week she will walk the Cannes red carpet before flying to the US where will be photographed for Vanity Fair.

Then she begins Hollywood’s next big adventure trilogy Jumper, directed by The Bourne Supremacy’s Doug Liman.

And that’s all after spending five weeks in Tokyo working with a non-English speaking Japanese director and crew on horror film The Grudge 2, which stars Sarah Michelle Gellar.

"It was all very Lost in Translation but it was the kind of experience I’ll hold for the rest of my life," Palmer told Michael Bodey. "You have to grow up really quickly."

The rising star has already shot three local films: 2:37, which premieres at Cannes next week, December Boys co-starring Harry Potter’s Daniel Radcliffe and Guests starring Travis Fimmel.

Yet none of them have been released, meaning Hollywood fell for Palmer purely on the strength of a two-week trip there in January.

She auditioned for eight films and was offered three, including Jumper, co-starring Billy Elliot’s Jamie Bell.

"I was so desperate to break it in the US industry," she said.

"I’m happy doing Australian films but I wanted to push myself further."

Yet it all started on an unknown $350,000 Adelaide drama, 2:37, directed by 20-year-old Murali Thalluri, who is now Australia’s hottest film property.

"It was one of those projects that no one really believed in other than a few people close to Murali but we knew it was something special all along," Palmer said.

No one could have imagined it would take them into competition at the world’s biggest film festival, Cannes, although Palmer’s not getting carried away.

"You never know when the next up-and-comer’s will be in the spotlight so people forget you. There’s no guarantees," she said.