A developer uses unscrupulous methods to force people to sell their homes in Waterloo Street to make way for a shopping complex. Miss Bobby Paigely has been living in her house for 30 years and refuses to move. Her boarders and friends come to her aid, and decide on a campaign against the development company which results in a street battle, complete with flour bombs and squirting water from hoses. The Yarra Central police arrive and become embroiled in the fight.
