That is the reward for the Israeli who swept aside Matthew Dellavadova of Australia's 6-2 6-1 in round two.
Seeded four in Melbourne, Oliel beat Francesco Forti of Italy 6-3 6-1 in the first round. He is also through to the second round of the doubles with his Belgian partner Zizou Bergs.
Oliel, who turned 17 earlier this month, is the great future hope of Israeli tennis. "Being the world No. 1 or winning a grand slam is a dream, but I very much hope I can make the top 10," Oliel said before traveling to Australia.
"My friends think that tennis is fun and it is fun, but it's an enormous amount of hard work and you have to cope with a lot of pressure."
Winner of the Orange Bowl under 14 and under 16 titles and the Junior Doubles title in the French Open last year, Oliel pays tribute to UK philanthropist David Coffer's David Squad tennis academy in Ra'anana, which has nurtured him
"David Coffer supports me with everything I need both inside and outside of tennis. He has given me the chance to prove that I can reach the highest levels."