The question to ask an MC is not whether they are funny. It is what they do when the kitchen runs twenty minutes late, or a speaker does not turn up, or the speeches overrun and the band is contracted to finish at midnight.
That is the actual job. Everything visible, the introductions and the jokes, sits on top of someone quietly rearranging the night so nobody in the room notices it went wrong.
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Two things set the price: hours on site and whether they're bringing their own material or delivering yours. Melbourne's big corporate nights in the spring run push it up as well, since the MCs who do awards well are the ones everyone wants in November. Check the from-prices on this page for what Melbourne MCs are quoting now.
They own the running order. That means getting three hundred people from the foyer to their seats, cueing the kitchen, introducing speakers, filling the gap when the AV fails and telling the band when to start. Ask a Melbourne MC how they handled a night that ran forty minutes late and you'll learn everything you need to know.
Sometimes, and it can be good value at a smaller party where a DJ with a microphone keeps things moving between songs. For a wedding with a full program or a corporate night with a dozen presentations it's a mistake, because both jobs need full attention at the same moments. In Melbourne's warehouse and gallery venues, where sound is hard enough already, keep the two roles separate.
The run sheet with times, every name with a phonetic spelling, who's speaking and for how long, and anything you don't want mentioned. Add the venue contact and the band leader's number so they can talk before the day. Send it a week out, not the morning of.
Put the question directly in your first message. The answer separates someone who has run a hundred rooms from someone who is confident on a microphone, and those are not the same person.
The best MCs speak to the venue coordinator and the band before the night so everyone is working to one running order. It costs you nothing and removes most of what goes wrong.
An awards night needs someone comfortable with a program, sponsor mentions and getting people off stage politely. A wedding needs warmth. Some MCs do both well, but ask rather than assuming.