European versions include four different engine variants, although in Australia it's most likely we'll only see two of those.
Speaking with CarAdvice this morning, BMW Australia's PR & Corporate Communications Manager, Mr Piers Scott, explained that one petrol and one diesel model are being considered for our market.
"Exact specification is still about a month away," said Mr Scott, "however I can confirm that we are looking at bringing the 535i and 520d to Australia."
When asked what the timing would be, Mr Scott said it would be later this year.
"At this stage, we're looking at a fourth-quarter launch," he said. "Pricing is also yet to be confirmed, however it's likely to be slightly higher than the sedan."
Rear seats on the 5 Series touring are split fold in a 40:20:40 configuration, giving 560 litres with the seats up, or a massive 1670 litres when folded away. The seats can also be reclined through a further 11 degrees. Further enhancing its practicality is a separately opening rear window on the tailgate. BMW also says the 5 Series Touring has the longest wheelbase in its segment.
Air suspension on the front axle and different drive modes are optional, while the 520d with its 135kW diesel engine features start-stop as standard, despite having an automatic transmission. It's said to give fuel economy of just 5.1 litres/100km and a CO2 emission level of 135 g/km in an EU test cycle, giving what BMW says is the best efficiency in its segment.
The 535i features a twin-scroll, turbocharged six-cylinder petrol engine good for 225kw, echoing its 5 Series sedan stablemate.
CarAdvice will update you with full Australian specification once it comes to hand.