BMW 5 Series wagon returning to Australia as electric 2024 i5 M60 Touring, price announced

BMW has changed its mind on the market for a 5 Series wagon in Australia, with confirmation the body style will return for private buyers in high-performance electric form later this year.

The BMW 5 Series Touring will make an unexpected return to Australian showrooms for private buyers between July and September 2024 in a single, high-performance electric model grade.

Priced from $219,900 plus on-road costs – $4000 more the equivalent sedan – the electric i5 M60 xDrive will be the only version of the new 5 Series wagon sold in Australia from later this year.

It is a surprising U-turn for BMW Australia, which cut the Touring from the previous 5 Series range for its facelift in 2020 after accounting for just 4 per cent of sales in three years.

The updated 5 Series wagon did come to Australia for fleets including Victoria Police – as a highway-patrol car – but it was not sold to the public.

Since then, BMW Australia has found success with the M3 Touring wagon – and it appears it is re-considering its move away from the body style.

It was previously expected the new 5 Series Touring would not be available here, as it did not appear in a list of markets where it would be sold that was distributed by BMW to news outlet Carscoops.

Powering the i5 M60 Touring are dual electric motors developing up to 442kW and 820Nm, good for a 3.9-second 0-100km/h acceleration time – 0.1 seconds slower than the sedan – and a 230km/h electronically-limited top speed.

An 81.2kWh battery pack (net capacity, or 84kWh gross) enables up to 506km of claimed WLTP driving range, down 10km on the sedan.

It can charge at up to 205kW on a DC socket, or 22kW AC, and all i5 models in Australia come with a five-year subscription to the Chargefox public charging network.

The Touring quotes 570 litres of boot space with the rear seats up – compared to 490L in the i5 sedan – or 1700L with the seats folded in a 40:20:40 split.

In Europe there will be less powerful rear-wheel-drive i5 Touring variants – as well as a range of petrol, diesel and plug-in hybrid 5 Series wagons – but none will come to Australia.

The i5 M60 Touring shares its underpinnings, interior, technology, and most body panels with its sedan equivalent. A list of standard equipment is included at the bottom of this story.

The new model measures 5060mm long overall, 1900mm wide, 1515mm tall and 2995mm long in wheelbase – 97mm longer overall, 32mm wider, 17mm taller, and 20mm longer in wheelbase than the previous 5 Series Touring.

The wagon has identical dimensions to the sedan – in length, width, height and wheelbase.

The 2024 BMW i5 M60 Touring is due in Australian showrooms in the third quarter of this year (July to September), pending any delays.

2024 BMW 5 Series Australian pricing

  • 520i sedan – $114,900
  • i5 eDrive 40 sedan – $155,900
  • i5 M60 sedan – $215,900
  • i5 M60 Touring wagon – $219,900 (new)

Note: All prices above exclude on-road costs.

i5 eDrive 40 Touring boot pictured.

2024 BMW i5 M60 Touring standard features include:

  • 20-inch alloy wheels (21-inch wheels a no-cost option) with tyre repair kit
  • Adaptive M suspension with 48-volt anti-roll stabilisation, rear-axle air suspension
  • Rear-wheel steering
  • Adaptive LED headlights with dusk sensing, auto high-beam
  • BMW Iconic Glow illuminated front grilles
  • 12.3-inch digital instrument cluster
  • 14.9-inch infotainment touchscreen with Apple CarPlay, Android Auto, digital radio, voice control, over-the-air updates
  • Sport front seats with heating, ventilation and lumbar support
  • Merino ‘Individual’ leather upholstery
  • Four-zone automatic air conditioning
  • Head-up display
  • Panoramic fixed glass roof
  • Keyless entry and start
  • Wireless phone charging
  • BMW Digital Key/Digital Key Plus functionality for iPhones, Samsung Galaxy phones
  • Power-operated tailgate
  • Carbon-fibre-look interior trim
  • Ambient interior lighting
  • Autonomous emergency braking
  • Adaptive cruise control
  • Lane-keep assist
  • Lane centring assist
  • Blind-spot monitoring
  • Front and rear cross-traffic alerts
  • Automatic parking
  • Front and rear parking sensors
  • Automated Manoeuvre Assistant feature
  • Tyre pressure monitoring
  • Mode 2 and Mode 3 charging cables with 22kW AC charging

The optional $2700 Comfort Package includes:

  • Steering wheel heating
  • Roller sunblinds
  • Front comfort seats
  • Rear heated seats

The optional $3000 M Sport Plus package includes:

  • 21-inch alloy wheels (already a no-cost option)
  • M Sport Pro pack (includes black headlight accents, red or blue brake calipers, and M tri-colour seatbelts)
  • Black grille frame and tail-light trim strips
  • Carbon-fibre mirror caps

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Alex Misoyannis

Alex Misoyannis has been writing about cars since 2017, when he started his own website, Redline. He contributed for Drive in 2018, before joining CarAdvice in 2019, becoming a regular contributing journalist within the news team in 2020.

Cars have played a central role throughout Alex’s life, from flicking through car magazines at a young age, to growing up around performance vehicles in a car-loving family.

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