https://youtu.be/fU1fhU2zTmA
This is the best video i found, i highly recommend replacing every component, the pinch bolts often get reused which is dangerous. Dealer prices aren't silly when its nuts and bolts. Meyle HD are good OEM Plus quality and inexpensive (top mounts, shock tube, bump stop) and come with new nuts for the top mount.
I'm lucky i have the coupe which is a lot easier to access the top mounts, that bit aside it's easy enough to do. Ideally use an impact gun to release the pinch bolts as they often break with a bar (not as bad as the fronts, they are a nightmare). If your changing for lowering springs (eibach's, H&R etc) or the vehicle came with sport suspension then you must use the shorter shock, the non mSport one is longer and fails rapidly with lowering springs.
https://www.newtis.info/tisv2/a/en/e86-z4-3.0si-cou/repair-manuals/33-rear-axle-rear-wheel-drive-guide/33-52-shock-absorbers/FW5gsro
The above link gives the correct procedure, tourque's etc for my vehicle, enter your VIN on the homepage and you will get the correct parts and instructions for your car.
The pinch bolt needs to be torque'd with the car down, so put the wrench on the bolt first, lower it down gently and you can just get enough movement to tighten correctly, then remove the bar obviously.
https://www.realoem.com/bmw/enUS/showparts?id=DU51-EUR-03-2006-E86-BMW-Z4_30si&diagId=33_1143