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BMW's 3-series has traditionally been a rear-wheel-drive model in Australia, however the current 320Ds come in both RWD but also all-wheel-drive as the 320D xDrive model.
So long as you service it on the dot, change the oil at least every 10,000km or six-months, and drive it with mechanical sympathy the BMW 320D should be a reliable, comfortable, and safe daily driver.
The problem with the N47 diesel engine dates back to 2007. There are plenty of overseas reports of the timing chain failing, as yours has done. Deal directly with BMW head office and seek some support for the cost of repairs. It is a problem, and BMW should bear some responsibility for it. If you can’t get any help, go to the ACCC and make your complaint to them.